ZS has found major support at around the 900 level, as seen by the weekly RSI
, Stochastics and MACD
all turning up from oversold levels. The 900 round figure coincides with major bottoms in 2009
and 2010, along with near bottoming activity in late 2008. ZS appears to want to target roughly 1000 in the near-term where downchannel
resistance can be expected to hold initially. Feel free to visit http://stks.co/j1A6G
for today's technical analysis
on $ZS_F, $ZW_F, $CT_F, $ZC_F, $NG_F, $SI_F, $EURUSD, $GBPUSD, $USDX, $BUXL, $KC_F, $NFLX.