💎Technical Analysis Summary💎
NASDAQ: ZK INTERNATIONAL GROUP CO LTD
-ZKIN broke out the weekly strong resistance zone
-This confirmation is followed by a strong volume above average
-This is normally expected during a long consolidation since Mid 2018
-The 50MA & 100MA on the weekly chart is about to cross bullish
-It is a good sign in the mid-term price...
ZKIN has broken out from the uptrend channel to the upside and has managed to sustain above the weekly key resistance, which now acts as support located at $2.00 per share.
Today the company has released a positive PR report which resulted in the price spike with over 50% increase. Unfortunately for bulls, this rally was sold.
The price action seems to be...
Technical:
The price for ZKIN has broken out from this large inverse head & shoulder pattern
which is a bullish reversal pattern.
The projected price target is equivalent to the price range
measured from the head to the neckline.
The first target is at $4.00
Fundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel...
ZKIN
1 - 2.28
2 - 2.50
3 - 2.90
Stop, consolidation below 1.69
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Waiting for your comment, what do you think about this?
$ZKIN is a great cheap stock with a high-Profit Potential.
From the technicals on the weekly chart we can see that the price formed an "Inverse Head & Shoulders" pattern. This is a typical way how the market change direction of the move. After breaking out the neckline of the "Bullish Pattern" the price is testing it again by giving us the possibility to buy...
ZKIN Intraweek
We look to buy a break of $2.11 with a stop loss at $1.90.
Daily signals are bullish.
Price continues to range in a bullish channel.
Psychical resistance was located at $2.00.
Key weekly resistance located at $2.00 was broken.
A clear break of $2.10 will confirm bullish momentum.
More upside is expected, but due to a strong resistance located at...
ZK International Group Co., Ltd . is a holding company specializing in the design, manufacture and supply of patented high quality stainless steel and carbon steel pipes, mainly used for water and gas supply.
Their feature is the use of blockchain technology in the production process.
ZKIN is the holding stock, which has been traded on the Nasdaq since...
ZKIN is a NASDAQ Stock which has good fundamentals, good increasing financial reports and has a very interesting outlook for the both short and long term price action.
They focus on Water Pipe industry with the use of Blockchain .
So the fundamental site of this stock is pretty good, but how about the technical aspect?
First thing that I would like to mention...
Pupm&Dump trading strategy idea.
$ZKIN is rising without clear preconditions today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $2,67;
stop-loss — $3,17;
take-profit — $2,17;
Do not view this idea as a recommendation for trading or...
this thing is going to go up 5+ on earnings and technicals... low float with 7 mill OS.. weekly bollinger bands says this is going to blow up with bullish divergence on MACD..
ZKIN breaking out on Friday and closing at the highs. Broke above its 50-Day MA @ $1.34. Would like to see it continue to form higher lows and break above its 200-Day MA @ $1.53. Pivot @$1.65 and major resistance @ $1.84 we could see move back to $2.00+. China stocks are starting to catch momentum and will continue to watch them going into September as the trade...
