Should move reasonably well from here imo, targets in red. Hard to believe its still down here tbh Holding
Thoughts??
long downwards channel, possible breakout to the upside
Descending wedge formation on declining volume. Possibly finding a base around 200EMA. Possible impending breakout to upside.
This stock looks interesting to me. Currently, it is still in the accumulation area and there is a potential double bottom formation in the golden ratio of Fibonacci. This type of trade is a swing trading thus it may take a few weeks to months to reach the respective target.
Has previously proved me wrong, so I shall refrain from commenting. Seeing a H&S pattern, now at the neckline which is also a strong historical support/resistance zone. RSI is 32.83 in bearish territory. If you intend to play it, please wait for the break & retest of the neckline zone.
Keen to see how this plays out I recently started watching ZNO in this channel now theres a H&S forming.
I saw this was on the news today it provides a barrier against Covid-19 it seems to be getting a lot of attention PLUS its bouncing of a clear support trend tomorrow. Lets see how it goes - PS Novice trader just testing what ive been learning, Cheers.
ZNO under accumulation after initial run up. Tightening price action and extremely low volume. Supply is drying up. Should break out on the up side shortly.
ASX: ZNO Zoono Group Analysis of short term trends and triangles
ZNO Zoono Group High risk trade- i give it a 50.50 chance! Zoono Group has appreciated a lot in 2020 due to the Corona Virus fears. They sell a product used in sterilization and have had some increase in salesm none so that justify the current SP. Hence its a trde and not an investment at this stage All the info is available on their website to do your own...
Zoono sounds like an interesting business with both consumer and commercial product offerings. The thing I thought that was most interesting was the deal they did with China as their product has significant impacts on reducing the African Swine Fever virus in the pig population in China. As a result they had a meteoric rise over the last couple of months and might...
Trend is your friend. Great bounce off the 8 day. I expect this to test 2017 highs and who knows. Depends on what news flow they can sustain now. #enjoytheride little piggies.
Turnaround story. Like it to break 40 and then recent high of 45. Above the 8 day. Bullish.