ZRX has recently been trading in the bullish direction since mid March continuously testing the resistance line of 4/1 Gann fan line and a trend line beneath it. If the price is able to break the Gann fan line, it is predicted to be a large breakout for the bulls.
According to the ichimoku cloud the price is indicated to be bearish for a very short time and then become bullish once again. The EMA 20 has made a break from the EMA 200 indicating it is in a good buy signal.
After almost a month of using the resistance line of 8420, it has now become a strong support line matched with a 38.2% Fibonacci retracement to stop the price from falling beneath it.
Important Resistance Levels: 9718, 10051 Important Support levels: 8420
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