ZAP is currently bearish. We are currently in a short term symmetrical triangle. I believe this is a great opportunity, however, we need to wait for confirmation to buy.
Steps to take:
1) Buy if daily candle open/closes above blue downtrend line or Engineering Robo gives multiple buy signals (combination of two, Buy 3, Buy 4, Super Buy, Moon)
2) Sell if daily candle open/closes below current support line
3) Hold as long as current support lines are held
Steps to take:
1) Buy if daily candle open/closes above blue downtrend line or Engineering Robo gives multiple buy signals (combination of two, Buy 3, Buy 4, Super Buy, Moon)
2) Sell if daily candle open/closes below current support line
3) Hold as long as current support lines are held
Comment:
We are still waiting on ZAP to find support. Expectation is .06 or .03 will be our bottom. Continue to use support/resistance lines and look for multiple buy signals. Once we break the blue downtrend line we should be free to move up.