(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.
As we can see ZKIN is one of those stocks that perform really nice. It can be trad very well with the scalp, short-term, and medium-term strategies as well. On the 4 hour chart, we can clearly see that the price is making Higher Highs and Higher Lows. The typical uptrend criteria. In the meantime, we can anticipate the creation of an ascending triangle. We have an accumulated profit of 144.65% from the previous analysis below (check them one by one if you want:) The price target for the long term positions is still the same but I have updated only the profit percentage if for the current analysis that it's supposed for you to enter the trade now. Check the previous analysis for in higher time frame and the bigger picture of the trading setup.
Targets to consider:
TP 1 @ $ 2.74 or 16.84% This target is reached 3 times. TP 2 @ $ 2.87 or 22.7% TP 3 @ $3.08 or 31.69%
TP 3 @ $ 3.08 or 44.55% TP 4 @ $ 4.05 or 72.25%
Thank you and Good Luck!
First Analysis:
Second Analysis: Profits +27.63%
Third Analysis: Profits +21.92%
Forth Analysis: Profits +19.87%, +31.53%, +43.70%
Comment
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3 more targets reached TP 1 @ $ 2.74 or 16.84% TP 2 @ $ 2.87 or 22.7% TP 3 @ $3.08 or 31.69% Accumulated profit 215.88%
Merry Christmas Klejdi, hope you had a good time with family.
Another great trade, well done.
I am relatively new to trading, and even newer to TradingView and would sincerely appreciate your help/guidance on set ups in the screener to search for potential stocks to swing, or if you can recommend any good video tutorials.
Thanks & regards,
George
KlejdiCuni
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@georgegourlay, Thank you!
Merry Christams to you as well George:)
I will let you know very soon. Thanks
Another great trade, well done.
I am relatively new to trading, and even newer to TradingView and would sincerely appreciate your help/guidance on set ups in the screener to search for potential stocks to swing, or if you can recommend any good video tutorials.
Thanks & regards,
George