ZKIN INTERNATIONAL GROUP CO LTD (Bullish Weekly Breakout?)

10 בדצמ׳ 2020

💎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 action
-If you missed the breakout, wait for the pullback for another opportunity
-Zoom in to the daily chart for a more precise entry location
-The previous resistance hasn't tested as new support yet
-So there is still a chance for the price to come back down before going higher
-Everything is only a probability, so please make sure you have a trading plan
-We still have a day left before this weekly candle closes
-Very Interesting market opportunity this December




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