Accuracy in direction. I started with penny stocks then forex. Through it all I stuck with reading the charts and understanding it. I've used tradeview as a diary for myself.
Price has been consolidating in the .24-.25 range since May which is also in very close proximity to the POC (12 Month) suggesting this could be a low risk entry point as the most shares traded in 12 months has been at .2424 cents.
The Force Index is curling up, the D+ crossed the D- on the ADX and the MACD just crossed.
These indicators in addition to the...
Zomedica Corp. (ZOM) was one of the top meme stocks of 2021.
i think a bounce to 0.51 and 0.90 resistance levels is still possible.
Looking forward to read your opinion about it.
As a risky play it also offers huge potential, fundamentals are showing progress towards the positive side and the latest acquisition of PulseVet will allow the company to become an strong player in the market. (Golden Cross, MACD, Divergence)
Not a Financial advisor.
Zom appears to have found a potential bottom - awaiting this week to close (market rebounding - should look to be green)
This is a satisfying entry level for me personally to go long. Lower time frames a bit more bullish than the weekly. Should translate to the higher times.
Looking for this to regain control to the .50s in Feb -...
Bullish divergence on the daily as of time of posting, however, macro bearish!
Target is support, and RSI needs to get oversold on the Weekly.
Once support is tested, ZOM can run again, or it can just reverse-split LOL.
51-50cents support target 78 cents if we can break down trending resiatnce. Idk how strong it is. If it’ll just rip to target reject and crash obviously trade is safe break of 58cents is a breakout
ZOM is showing the potential for a true uptrend. Cloud lines squeezing and green crossing red. RSI is too hot which concerns me for another fall back to 0.52 range, there needs to be some slight consolidation and we should get back into the 0.82 range with potential move above 1.3 before earning report.
If this breaks and holds above the clouds we see real move back to $3 range. I think we need another week to really move but if shorts start to cover watch out.
Hello Traders,
As you can see ZOM is a support zone, we will enter now with the green lines as targets.
Our SL will be the red line as in the chart.
Happy Trade.
