ZKIN breaking out from Inverted H&S pattern.
The price of ZKIN has been corrective for some time and it has almost turned into an overall downtrend.
However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern.
The price is currently a bit overbought and I expect the price to correct a bit before any more upside.
I expect a correction to $6.20 with possible stem dips to $5.80, a good spot to get in.
Break above $7.15 can bring some serious buying volume as it's usual in this stock price action.
Key resistance levels are located at
$7.15
$8.00
$8.80
$10.50
$12.00
$14.00
Break of each level will result in stronger bull push to the upside.
Good luck!
Tibor
However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern.
The price is currently a bit overbought and I expect the price to correct a bit before any more upside.
I expect a correction to $6.20 with possible stem dips to $5.80, a good spot to get in.
Break above $7.15 can bring some serious buying volume as it's usual in this stock price action.
Key resistance levels are located at
$7.15
$8.00
$8.80
$10.50
$12.00
$14.00
Break of each level will result in stronger bull push to the upside.
Good luck!
Tibor
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