brikkity

Zsan Analysis

Short
NASDAQ:ZSAN   None
In large, for my account, on Zsan tonight. I think tomorrow morning presents an interesting opportunity, one I would like to discuss with other traders on the market. To me, with the exception of this weeks poor performance on the Dow, markets look bullish. This serves as the underlying general principle of the trade. Specifically on Zsan, I believe these bullish markets in conjunction with healthy volume(which I've analyzed in some detail) has led to a severely undervalued stock. Current equity for me is close to market and market stands at 6.23 on the close. In regard to Zsan's drop today, I believe this is most likely a short term bearish move, quiet possibly the result of larger firms selling their winnings from days prior. The big question tonight, the one which I've vested a great deal into, is A) If markets at large are performing bullishly/Dow J will see future performance and B) If the squeeze on Zsan is too large and the resistance I'm reading is not the resistance of a market prior to upswing, but of a market prior to complete sell. There we go, that's my first tradingview post. Please do what you guys do with this, whatever that may be, maybe one of you guys can give me something important.
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