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Master_of_Fine_Charts
Aug 2, 2022 1:04 PM

ZOM Long Long

Zomedica Corp.Arca

Description

Price has been consolidating in the .24-.25 range since May which is also in very close proximity to the POC (12 Month) suggesting this could be a low risk entry point as the most shares traded in 12 months has been at .2424 cents.

The Force Index is curling up, the D+ crossed the D- on the ADX and the MACD just crossed.

These indicators in addition to the most recent candle taking out the 1 Fibonacci level give a very bullish forecast.

targeting: .3036, .3655

Comment

Price reached the first target and continues to look strong. Still bullish. Next stop .3655
Comments
GooberGal1
How do you feel about this now
Master_of_Fine_Charts
@Laurenchidiac1, I don't follow fundamentals so I have no idea what catalysts are involved but there's no setup at the moment. Looks like .1999 is support and it has made higher lows. I would look for a break of .25 before adding and once above the yellow up trend line I would bet on a reversal to the upside.
friedolays
RIght on the money! thanks
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