As requested, a Gann box for ZYNE. As you can see, it is very compliant with the levels. Of course, the stock can move anywhere at any time, but as soon as you get a sense of short term direction, the lines help identify patterns, resistance and support, fairly early on.
I got in at $3.60. Needless to say that I LOVE ZYNE... for now :P
I got in at $3.60. Needless to say that I LOVE ZYNE... for now :P
Comment:
There is heavy profit taking, each time we reach the top of the current channel. On smaller increments, it looks like we'll top out at about $14.39. If you're looking to stock up, look at the previous two pull backs to help time your entry. Your chance may come today.
Comment:
Well, just when you think a good dip may come, we have triple volume. Gotta love it!
Comment:
Alright, so we bounced an entire level higher. Looking pretty extended on the daily. Possible consolidation on the way, but with the low stock count actually in trade, the price is subject to rapid squeezes upward and seems to have a tendency to consolidate sideways.
🅱🄰🆁🅺🆆🄾🆁🆃🅷