KlejdiCuni

ZKIN: Ascending Triangle & RSI Channel

Long
NASDAQ:ZKIN   ZK INTERNATIONAL GROUP CO LTD
On the 4 hour chart we can see that the price broke out of an ascending triangle and now a possible pullback up to $3.00 is expected for a retest of the broken support. So $2.87 - $3.00 USD is a price zone that I would pay close attention to.
From the other side we can see that RSI indicator is creating an Ascending Channel . All the time the indicators line reached the support line of the channel it changed direction and the price did the same as well. So we are anticipating the same move again. For more in-depth analysis check the related ideas.

Targets:
$4.08
$4.93
$6.78 exteded target

Thank you and Good Luck!


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Comments

I need your opinion and help please. I see the bullish setup too however pre-market is so bad today, 17 % down and now I am almost 25 % down on this stock - Hopefully this Friday it picks up again!! I want to hold however I am questioning this amazing stock now!
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KlejdiCuni prayankjain85
@prayankjain85, What price did you buy it?
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prayankjain85 prayankjain85
@KlejdiCuni I got on average buy of 3.35
Reply
KlejdiCuni prayankjain85
@prayankjain85, You bought too high as I see. I was expecting $2.87 - $3 and now the price is there. I will make an update later and hope the price may move up quite soon.
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Good work!!!
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A retest of previous resistance before potential next leg up 🐻❄️🙏😊😃
Reply
good work
Reply
Fantastic work.. Carry on...
Reply
KlejdiCuni MirandaSimandl
@MirandaSimandl, Thanks a lot:) Appreciate it.
Reply
Great work...
Reply
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