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PolarHusk
Dec 10, 2020 6:22 PM

ZKIN INTERNATIONAL GROUP CO LTD (Bullish Weekly Breakout?)ย 

ZK International Group Co., LtdNASDAQ

Description

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๐Ÿ’ŽTechnical Analysis Summary๐Ÿ’Ž


NASDAQ: ZK INTERNATIONAL GROUP CO LTD

-ZKIN broke out the weekly strong resistance zone
-This confirmation is followed by a strong volume above average
-This is normally expected during a long consolidation since Mid 2018
-The 50MA & 100MA on the weekly chart is about to cross bullish
-It is a good sign in the mid-term price action
-If you missed the breakout, wait for the pullback for another opportunity
-Zoom in to the daily chart for a more precise entry location
-The previous resistance hasn't tested as new support yet
-So there is still a chance for the price to come back down before going higher
-Everything is only a probability, so please make sure you have a trading plan
-We still have a day left before this weekly candle closes
-Very Interesting market opportunity this December




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Comments
John_Smithh
โ‹…
Great idea
PolarHusk
โ‹…
@John_Smithh, Thanks u ๐Ÿปโ„๏ธ๐Ÿ™๐Ÿ˜Š๐Ÿ˜ƒ
Kristenstewart
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This chart is very nice... Go ahead
PolarHusk
โ‹…
@Kristenstewart, Thanks a lot ๐Ÿปโ„๏ธ๐Ÿ™๐Ÿ˜Š๐Ÿ˜ƒ
Mark_demariya
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greatwork...
PolarHusk
โ‹…
@pronaykmd97, Thank you ๐Ÿปโ„๏ธ๐Ÿ™๐Ÿ˜Š๐Ÿ˜ƒ
kyer
โ‹…
I like this type of chart pattern
PolarHusk
โ‹…
@kyer, Thanks ๐Ÿปโ„๏ธ๐Ÿ™๐Ÿ˜Š๐Ÿ˜ƒ
InkyGrip
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splendid one My Friend! ๐Ÿฆ๐Ÿฆ๐Ÿฆ
EileenBarton
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Nice chart.. Appreciate it..!!
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