ZK INTERNATIONAL GROUP (Strong Weekly Start)

6 Oca 2021

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZKIN started the 2021 week on a strong breakout above the previous high
-We have now new local support of around 2.65 dollars
-This will be our immediate support in the short-term action
-Looking at the weekly market structure, the Bullish H&S was confirmed last Nov 2020
-If the Bulls can keep the momentum, we can expect the next target zone around 4-5 dollars
-This area is a confluence of Fib resistance 0.5 - 0.618 level
-We can see last Feb 2019 a strong rejection at this Fib resistance zone
-This can act as resistance again or a good profit-taking zone
-As always, plan and follow your trading objective
-A disciplined trader will never let his emotion overcome his mission
-Over-all the market priority is up, if you missed this opportunity do not get FOMO
-Please patiently wait for a good trade setup like a pullback at support




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