ZKIN: A Potential Development Of The Elliott Wave Theory- Buy
A Development Of The Elliott Wave Perspective:
On March 19, the stock price of $ IKIN reached the lowest level of $ 0.65. After that, we can see a very fast recovery of stock price by more than 350% or by $ 3,018. What I'm focusing on right now is the potential development of Elliot Wave. The first and second waves took place between 19 March and 4 September. We are currently facing two scenarios:
a) The 3rd wave ended at $ 3.18 and we are now in a 4th wave development, so we can predict the 5th wave.
b) The 3rd wave may still be developing and we may be in an extended 3rd wave.
So from both of the above scenarios we are anticipating an upward movement again with the possible target at $3.18 - $ 3.4 and $ 4 - $ 4.15 for other extended developments.
Targets to consider for an upward movement of the price:
TP 1 @ $ 2.54 or 21.92%
TP 2 @ $ 2.99 or 43.05%
TP 3 @ $ 3.40 or 53.62%
TP 4 @ $ 4.15 or 95.48%
($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
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On March 19, the stock price of $ IKIN reached the lowest level of $ 0.65. After that, we can see a very fast recovery of stock price by more than 350% or by $ 3,018. What I'm focusing on right now is the potential development of Elliot Wave. The first and second waves took place between 19 March and 4 September. We are currently facing two scenarios:
a) The 3rd wave ended at $ 3.18 and we are now in a 4th wave development, so we can predict the 5th wave.
b) The 3rd wave may still be developing and we may be in an extended 3rd wave.
So from both of the above scenarios we are anticipating an upward movement again with the possible target at $3.18 - $ 3.4 and $ 4 - $ 4.15 for other extended developments.
Targets to consider for an upward movement of the price:
TP 1 @ $ 2.54 or 21.92%
TP 2 @ $ 2.99 or 43.05%
TP 3 @ $ 3.40 or 53.62%
TP 4 @ $ 4.15 or 95.48%
($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
Previous analysis:
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Total profit from $ZKIN= 27.63% + 21.92% = 49.55%