Intermediate term bearishness in Micro Cap (CPI induced)
ZAX
is showing intermediate term bearishness. Trend-Supp has been broken after rejecting historical resistance + RSI < 50. Year change > 0 so LT up trend still on place.
Stop: $ 5480 (above bearish candle and 50DMA).
1 Target: Important Sup in $ 5260ish (B:R 1:1 approx.)
2 Target: $ 5180 (B:R 2:1 almost).
Stop: $ 5480 (above bearish candle and 50DMA).
1 Target: Important Sup in $ 5260ish (B:R 1:1 approx.)
2 Target: $ 5180 (B:R 2:1 almost).