Monday, August 22, 2016

Ezra - A Base Formed

Ezra forming a base now, and it's there everyday in the top volume. Looking at the market depth, it has signs of some turning but not quite there because I can't figure out anything at the moment. However I do know that a base is formed and it's not the time to short this counter. See the market depth, the buy/sell Q is very thick with thousands of lots stacked up, this implies that the stock has a lot of resistance up there and it's hard to move. The only time this counter is going to move is when the heavy stacked Q is removed. Let's see if it will happen soon..:)

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Ronald K - Market Psychologist - A Stock Market Opportunist