Ethan Allen Interiors is up a bit on the day, funds flowing in kept the price up 1.42% since yesterday. It looks like ETD may be interacting with a slightly angled resistance line. This area could represent a pivot point. In addition to being near an angled resistance line ETD is near a weak resistance line. If there isn't strong buying pressure the price might bounce off and move back down, but it can always break through and move up. ETD hasn't established a very clear directional momentum over the last few months. So it's not clear if it has the energy to break through or not.
If the price breaks through the resistance level it will probably move up to the $26.96 where it may meet further resistance. If the price does in fact bounce off here, it might find nearest support down at the $21.22 level, hard to say where it will go from there though.
