ZIL is seeing some support come in to play over the last couple of days however continues it's downtrend channel.
Next 24 hrs will either see a break from trend on current supports shoulders, or a rejection down to a lower support which should bring buyers to the market.
I think the if you picked this up on the dip two days ago you are in a good position but we may be given PA similar to that price again in the next few days if rejected by previous support line.
Still bullish long term on this project but always looking for the best possible buy price to minimise risk.
The other entry option on the break of trend carries higher risk, I'd be more inclined to buy a positive retest after breakout or hold fast until I'm happy with a supported entry at the bottom of channel (closer to 200SMA)
As always, not financial advice, just my thoughts and TA.
Bingaz
Next 24 hrs will either see a break from trend on current supports shoulders, or a rejection down to a lower support which should bring buyers to the market.
I think the if you picked this up on the dip two days ago you are in a good position but we may be given PA similar to that price again in the next few days if rejected by previous support line.
Still bullish long term on this project but always looking for the best possible buy price to minimise risk.
The other entry option on the break of trend carries higher risk, I'd be more inclined to buy a positive retest after breakout or hold fast until I'm happy with a supported entry at the bottom of channel (closer to 200SMA)
As always, not financial advice, just my thoughts and TA.
Bingaz
