Ezra

Commentary:
Ezra has fallen from its peak of $3 in June to recent low of near $0.30. Recently from the prior low, it stage a strong rally with huge volume by escalating to a high of $0.85 within 1 week. As expected the surge in price tapered off at the downtrend resistance line.

Strategy:
Short-term traders as usual should let price action decide their next course of action for quick profit (Personally, I dont rely much on momentum indicator for decision making). Price could be consolidating now for the next push. Traders can consider going long once price break the downtrend resistance line on a strong vol day which could hint of further upside. On the contrary, if price action goes below MA20, we might see a retest of the prior low again.