Worse, there was a massive pump-and-dump action inside the large consolidation channel.
(half price followed by half price of the halved price followed by half price of the halved of the halved price; stock market SOP for very bearish stocks)
Long term price target:
Super penny stock status
(-80% to -90% loss in value from peak for a highly-leveraged company)
Ezra is a highly geared company and its liabilities in the balance sheets do not look good to me;
when interest rates go up, usually highly leveraged companies such as Ezra will run into some difficulties. They may also resort to massive rights issues or shares dilution to raise money.
Excellent reward-risk ratio with Technicals, Fundamentals and Funds Flow all in triangulation:
I will be shorting 400 lots of Ezra at $1.07 tomorrow (14 April 2014, Monday)
(Sell/Short at the Zones above)