ZKIN: Watch For The Price Reaction ON The Neckline

This analysis was requested by my followers. This stock had a very good performance over the previous months.
As we can see the price created a very nice "Inverse Head & Shoulder" pattern that may reverse the direction of the trend.
Price broke out of the neckline already and now we need to wait for the price to test the neckline near $5.25 before considering to buy. It is not supposed that we should jump in the trade only because the price may test the neckline, so please wait for any reversal signal.

Targets:
$5.86 or 11.62%
$6.33 or 20.57%
$6.77 or 28.95%

Thank you and Good Luck!

Yorum:

Be careful here as indexes can pull the price lower than $ 5.25