ZKIN: Two Bullish Setups Combined Together 🔥

($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.

$ZKIN is one of those stocks with high performance. Only on this stock, we have more than 🔥+215.88% Accumulated Profits🔥. Actually, we can see that on the weekly chart the price has created an "Inverse Head and Shoulders" and above the neckline, on the lower time frame the price has created a "Bullish Triangle". During the previous week the price broke out from the triangle and we can see a very big green candle on the weekly chart. This is showing that the price is getting strong momentum. This week I am expecting that the price may retest the top of the triangle before moving up again.
Entry zone: $2.94 - $3.06
Targets to consider:

TP 1 @ $ 4.05 or 34.68%
TP 2 @ $ 4.93or 63.92%

TP 3 @ $ 6.78 or 125%
or 238.43% (for those from the first analysis)

Thank you and Good Luck!

Bình luận:

+15% so far