ZK INTERNATIONAL GROUP (Bullish Triangle Pattern?)

30 thg 12, 2020

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZK is following the 9MA & 20MA daily support zone since the October uptrend
-It is now forming a potential ascending triangle pattern
-We can see a resistance zone at the body of daily candles between $2.55-$2.65
-This resistance area has been tested 6x and currently being tested today
-From a strong bounce at 20MA support area at $2.22
-The price has been consolidating now for 35 days
-This is a good sign because the Bulls has managed to keep the price at this high
-Respecting and trading above important Moving Averages
-If you are aggressively anticipating an upside breakout in the coming days or weeks
-And want to start scaling in, you may enter a buy position once the price touches the 20MA
-And have a stop loss below the 20MA if the daily candle bearish
-The key here, is to have a trading plan and not get FOMO every time




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