An idea suggesting a big moonshot for ZIL
This is based on the previous move to ((2) in green)
A large ascending broadening wedge can be plotted if this bars pattern is placed this way
The placed pattern up is very very speculative, but it really does look bullish above this level
Always make your own assessment. Personal judgement on charts wins every time.
It has a good movement shape for breaking its 70-day resistance.
If the high price of the Ichimoku cloud stabilizes and due to the formation of the green cloud and the ascending shape of the Ichimoku and other cases, this resistance will most likely be broken in a short period of time.
Target are available in the short term
In the long term, the target is 40 cents
A bit of momentum on the bulls side might finally push the price higher and out of this descending broadening wedge.
A confirmed break opens up a run to new ATH and into price discovery mode.
