PolarHusk

ZK INTERNATIONAL (Healthy Correction?)

NASDAQ:ZKIN   ZK INTERNATIONAL GROUP CO LTD
💎Technical Analysis Summary💎



NASDAQ: ZKIN


-My previous published idea and targets are achieved
-The price went even above my $10 target zone
-That is a strong bullish push up almost hitting the ATH
-Currently, the price has now retraced more than -50%
-And testing the 20D MA dynamic support range
-This zone is a confluence of 0.786 Fib level
-We can see a rejection candle pushing the price above the 20MA
-If the next daily candle turns out green on Monday
-This will increase our bias of $6 potential new support area
-And also, the chances to test the $9 region increases
-It would be a good rebuy opportunity if we are expecting another leg up
-Do not rush in, always wait for a good confirmation to reduce the risk
-This can be only a reaction bounce, not a true support confirmation
-So it is better to observe the market for another day of trading
-Because our main objective is to minimize the risk and maximizing our profit
-Always plan ahead and look at both market direction
-I will update next week once new data comes in



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Comments

NICE EXPLANATION
+1 Reply
@Joy_25, TY! 🐻❄️🙏😊😃
Reply
great chart and explanation mate
+1 Reply
PolarHusk Stargazer_fx
@Stargazer_fx, Thank youu 🐻❄️🙏😊😃
Reply
perfect one, thank you for sharing.
+1 Reply
PolarHusk MattFrederick
@MattFrederick, Thanks a lot 🐻❄️🙏😊😃
Reply
Splendid chart! thanks for sharing
+1 Reply
PolarHusk Mahtab_Tradia
@Mahtab_Tradia, Thank u🐻❄️🙏😊😃
Reply
Going well upside 🚀🚀🔥
+1 Reply
PolarHusk TRADiNG_hub
@TRADiNG_hub, Thank you 🐻❄️🙏😊😃
Reply
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