KlejdiCuni

ZKIN: Watch For The Price Reaction ON The Neckline

Long
NASDAQ:ZKIN   ZK International Group Co., Ltd
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!




Comment: Be careful here as indexes can pull the price lower than $ 5.25
🛑Disclaimer🛑
This is not financial advice.

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Comments

Good work!
+1 Reply
BREAKOUT AND SOON BOOM
+1 Reply
@MMBTtrader boom up or down? Cuz it just broke through
Reply
Nice pattern
Reply
Have a similar view on this, perfect!
Reply
exceptional work you are doing
Reply
Very Possible Scenario 🔥
Reply
Analysis is very good.

Thanks a lot :)
Reply
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