As we can see on the two previous analysis the price filled the gap in a perfect way, reached the first target. On the chart we can see that the price completed another bullish triangle (short break), that may push the price higher again for the other two targets $9.66 and $11.00.
Thank you and Good Luck!
You can see below how I followed this trade:
First...
Last week I have mentioned that the price
is very likely to bounce off the 10 EMA
on the weekly chart and that is what it did exactly.
It has also broken above the $6.00 zone which
is acting as the support now.
Looking for a retest of the resistance
at $11.00 soon!
In the previous analysis, the descending channel pattern pushed the price higher by reaching in this way the first two targets with + 26% and + 60%
Actually, the price is filling the GAP which is combined with a very strong support area. The price may move higher than it is now or it may also fill the gap, retest the support area, and then rise higher. Look for...
After the strong pullback that happend in many stocks the price created a buy opportunity again. Actually we can see that the price is outside of the channel. We need to see for buy opportunities.
Targets on the chart!
Thank you and Good Luck!
In the previous idea I was waiting for the price to pull back and to test again the support area that I have marked on the chart. As we can see that move happened. The price completed the Bullish BAT harmonic pattern. Now we need to be ready for the next move again. I made some updates to the pricing targets as the pattern was expanded from the previous...
The stock is currently forming a correction wave 4, after which there is a strong possibility of wave 5. Also, the stock is currently trading above EMA 50 indicating the upward momentum. Possibility of next target above 13. RSI indicator currently around 54 indicating bullish momentum in daily time frame chart.
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-Previous update was expecting a good bounce at 50D MA
-The Bulls defended that region and the price is now trading above 6 dollars
-We can see the ZKIN is now outside the short term resistance trendline
-And started trailing the 9 Moving Average in the daily
-If next week candle continues to trade above 6.6...
We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now.
Since the publication of the previous idea , the Zkin price has moved up by 50-60% to $12, after that the fall began, which we warned about.
Yes, in the last few days, fluctuations and fall were observed on many stocks traded on Nasdaq, but the...
For the past few months,
the price for ZKIN has been trending nicely above the 10 EMA.
After it got rejected at a strong resistance @$11.00,
it is currently pulling back.
We can see that is approaching the 10 EMA once again.
Very likely the price can bounce higher from there once again!
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-My previous update failed to hold the 6$-$5 support area
-The price is now testing the 50D MA dynamic area
-With the confluence of previous mini consolidation last Feb 3-12 trading history
-The over-all market is highly affected by the S&P500 correction
-The price has retraced -65% from the top all the way to the...
As we can see $ZKIN after completing the first pattern made a strong reaction. Currently, the price is making another pullback giving us another opportunity to rejoin the trade. The price will test a strong support area where two bullish harmonic patterns have their CD legs. Look for the price reaction and most importantly please manage your risk in every trade...
The price has gained over 500% since the
very first post on this one.
We can see that a strong resistance level is @$11.00
and the support @ $6.00.
Right now we can expect the price to move
sideways for a while for profit-taking.
It can even go slightly lower to test the 10 EMA.
Will be looking out for a bullish continuation pattern
to be formed for more upside move!
ZKIN made a deep pullback after a strong upward movement. We can now see that the price tested a strong support area and reacted very well to the harmonic model zone.
Targets:
$8.47
$9.24
$10.00
Thank you and Good Luck!
💎Technical Analysis Summary💎
NASDAQ: ZKIN
-My previous published idea and targets are achieved
-The price went even above my $10 target zone
-That is a strong bullish push up almost hitting the ATH
-Currently, the price has now retraced more than -50%
-And testing the 20D MA dynamic support range
-This zone is a confluence of 0.786 Fib level
-We can see a...
In my previous analysis shared on Feb 22, 2021, the price made a higher high without giving us the possibility to join the trade. On the next date the price tested our zone $6.78 - $7.3 and tested reached target after that at $10.36 by giving us +46% profits.
Now I am expecting that between the highs and the low the price may develop another possibility of...
ZKIN is developing a very aggressive bullish price action. As long as the weekly candle closed as a very strong bullish engulf probably the price may push higher up to the next structure zone $10.36, without stopping at all. If the price will pullback to retest the broken resistance zone near $6.78 - $7.3, we may find any opportunity to join the trend again up to...
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending
Target:
PT = 16.67$
1000 Followers! Thank you all!
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
After the price has broken out from
the weekly inverted head & shoulder,
it only moves in one direction - UP!.
The price has gained over 500% since the
very first post on this one.
It has reached the TP2 @10.00 set out last week.
We do see some rejections showing at the resistance level.
Definitely looking for a pullback first for now.
After a period of...
