NASDAQ Undervalued Underdog ZKIN. 300% potential!
ZKIN is a NASDAQ Stock which has good fundamentals, good increasing financial reports and has a very interesting outlook for the both short and long term price action.
They focus on Water Pipe industry with the use of Blockchain.
So the fundamental site of this stock is pretty good, but how about the technical aspect?
First thing that I would like to mention is that the price has been hovering in range from $2.00 to $1.00 for over 1,5 year and last week has finally manage to break the weekly key resistance located at $2.00 by a full weekly candle from the bullish channel.
The price seen strong demand spike from $0.65 from which the overall uptrend has started and after double bottom at $1.05, the current bullish channel which is currently breaking out was formed.
The issuing price of ZKIN was around $8 and it’s very undervalued currently, 400% potential only to the issuing price.
Looking at RSI, it broke to a new high by 7 points which is very good for the bulls.
When we look at MACD, we can see that it’s currently on a buying wave and buying volume is still increasing.
20 and 50 Weekly EMA’s given a long term buy signal.
Exceptionally strong volume has been seen previous week , over $33 million dollars.
Upcoming strong resistance levels
$2.40
$3.15
$4.00
$5.00
$6.00
$6.70
$8.00 - Target 300%
$9.00
$11.00
Good luck with this idea!
They focus on Water Pipe industry with the use of Blockchain.
So the fundamental site of this stock is pretty good, but how about the technical aspect?
First thing that I would like to mention is that the price has been hovering in range from $2.00 to $1.00 for over 1,5 year and last week has finally manage to break the weekly key resistance located at $2.00 by a full weekly candle from the bullish channel.
The price seen strong demand spike from $0.65 from which the overall uptrend has started and after double bottom at $1.05, the current bullish channel which is currently breaking out was formed.
The issuing price of ZKIN was around $8 and it’s very undervalued currently, 400% potential only to the issuing price.
Looking at RSI, it broke to a new high by 7 points which is very good for the bulls.
When we look at MACD, we can see that it’s currently on a buying wave and buying volume is still increasing.
20 and 50 Weekly EMA’s given a long term buy signal.
Exceptionally strong volume has been seen previous week , over $33 million dollars.
Upcoming strong resistance levels
$2.40
$3.15
$4.00
$5.00
$6.00
$6.70
$8.00 - Target 300%
$9.00
$11.00
Good luck with this idea!
