I have been hopeful that it would go up for the past few days but it didn't. I've now taken a step back and noticed that it's about time that it should go up.
1. The bullish pinbar from 5th of March resembles the one from 20th of April. The next 2-3 days (from 5th of March) showed a start of a bullrun (+239%). Already since the bottom of 20th of April to now, it...
Price created a very nice Bullish Harmonic pattern near a major support zone. Now all we have to do is to watch for the price to show some sign of strength before jumping into the trade. The last month has been tough for many stocks but as you can see after a correction or deep pullback it is time for another price increase.
Targets on the chart. Trade with...
ZK International Group Co., Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections...
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-From my update last week, the price continues to fall to 100D MA
-ZKIN touches the 100D MA 3x and we saw a bullish rejection on it
-The 5 dollar zone is acting good support in the midterm area
-Currently, it is starting to break outside the trendline resistance
-This is a good sign because it may have found the...
The price is coming down within a descending channel. In a lower time frame, we can see that a small "Falling Wedge" was created. This could be the reversal pattern. Indeed, the price is close to the trend line. Let’s look for a clear channel break out as with it we will see the bullish momentum grow again.
Targets:
$7.68
$9.05
$10.90
Thank you and Good Luck!
...
The price for ZKIN is moving down now after
a nice upside move.
It is now very near the strong support level @ $5.00.
Will be looking out for rejections at this level
for a break to the upside!
As we have see price is creating and descending channel but making in this was some fake breakouts. Now we have to focus when the price breaks out of the channel in order for us to be in a better position and higher chances on our side. As long as the price is inside the channel we don't have any trading opporunity.
Targets:
$7.68
$9. 05
$10.90
Thank you and Good Luck!
On the previous analysis I was expecting for the price to react on the standard Gartley patten that corresponds to $6.84. After price reached that zone we can see only a small pullback and a downward movement again. Now the price is at the limit of the harmonic pattern and the support zone looks really strong.
Watch for price reversal before joining the trade....
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZK continue to trail below the trendline resistance
-The price is currently rejected by the 50D MA
-We haven't seen any strong move up by the Bulls
-ZK is now -60% from the high price
-When do we expect any potential reversal?
-Since we have lost the 50D MA area
-The next important key level of support is at 5...
Last week we saw that the price didn't manage to activate any of the buy opportunities. Actually, we want the price to move above the blue resistance line in order to see more growth in the PA.
Targets:
$10.19
$11.34
$12.45
Extended Targets:
$14.91
$17.70
Thank you and Good Luck!
Previous analysis:
Over the last three days of last week the price spent some time in correction and the support area is working very well. A break above $ 8 will increase the chances of starting the bullish movement. Nothing changed from the previous analysis, so I am still focused on the previous plan.
Targets:
$10.68
$11.60
$12.77
Extended Targets:
$14.91
$17.70
Thank you and...
On the previous analysis I was expecting for the price to break out from a descending channel but the price didn't give us that opportunity and continued lower. Now the price completed a bullish harmonic patter and also not a perfect channel. We need to see for bullish signs in the type of bullish candles or bullish...
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZK continue its short term correction today
-The price has entered the mid 7 dollars range
-The 50D Moving Average also entered the 7 dollar level
-This will likely catch up with the price and potential give extra support
-If I'm bullish, I want to see ZK hold the yellow box above the 50D MA
-Because if we hold that,...
After the price reached the first profit zone we made +18% profit return. Currently the price is testing the support area again that looks to be very strong. The support zone is laid out between $8.50 - $8.95. Now we can also see a small "Descending Channel" as well. If the price is going to break out of the "Channel" we can go long on this trade...
The price for ZKIN is still in an uptrend as
it is still above the Ichimoku cloud.
It is consolidating now after testing a new high.
The price is very near the weekly support level
@$9.00 and we also have the
Ichimoku support right below.
Looking for an upside move soon!
