Just saving this for myself to look back at later lulz. But yeah I think it's decision time. I think chances are it spikes soon and good targets could be those yellow circles, but there's a chance we keep bleeding so not financial advice, educational for myself ;)
I would like to represent my idea on the traiding view. Here we can see a little pullback from the bottom and looks like the trend has changed for a while.
I'm waiting the ZYNE
1) 5.00$ Price
2) 5.95$ 2Price
Zyne has a clear breakout from the 6.8 resistance (now being established as the support). Based on the long term numbers, there is not really any key resistance till $10.50. Now the question is when?
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line....
Watching this for a while, looks like a breakout from the wedge.
If it sticks, expect a $10 target. Price movement has not been correlated very much to the stock market
Good Luck!
Nice impulse up with volume over the past few months with a clear ABC correction. The recent correction "may" have finished because $10 (near the .5 fib) is a big psychological level and the dip below it was bought very quickly on Friday. Could we go lower? Certainly, but I would keep this one on a watch list.
Good luck and trade safe!
Zynerba crashed into resistance at at $16.50 on May 17th 2019, and went into correction territory.
The engulfing candlestick today May 29th, 2019 is a very bullish sign ZYNE could go up to at least the $16.50 line.
Technicals are not great, however I expect them to start confirming the bullish trend soon.
Recommended trade:
Long: $13.15 (20SMA)
Sell-target:...
