Clue: It is one of the most over-used and misguided technical patterns referenced on tradingview.
If this company starts to hit milestones and execute with its disruptive biotech plans, this stock is an easy double in very short order.
This is the most dramatic descending wedge pattern I have ever seen. The upside on this wedge will be equally dramatic.
This actually points to $0 by December, with many places to find support and then breakout along the way, as indicated.
Enjoy the ride folks,
Large insto bets have been placed at this $4 level. My feeling is this price level will hold, in which case it is only a matter of time before it breaks out of this descending chanel. An impulsive move up is then likely.
Positive divergence on MACD.
This chart was just waiting for the RSI to hit oversold, on low volume. Long weekends often help with this.
Likely see a bounce at least, within the next 18 hrs, and resumption of upward momentum.
The stock has traded well on this basis for the period indicated.
If the gold price is supportive this summer and there is no bad news then we can likely see PT-1 $8.83.
If gold rice is supportive and they surprise with consecutive positive earnings announcements - then we may have an opportunity to see PT-2 at $12.
This is appears to be a Pennant continuation pattern after breaking positively from the previous consolidation.
I view ZEN as a long-term investment and ultimately a dominant player in the privacy coin space, and as such it offers value at these levels.
As unique from other privacy coins, ZEN offers end-to-end encryption.
The Au/Ag ratio is an important metric for gold investors.
$723: Gold price week ending 2008 - 10 - 13.
$1883: Gold price week ending 2011 - 04 -18.
That's 260% gain within 3 years.
A correction of the same magnitude in the gold/silver ratio would equate to a potential gold price of $2750, based on the DEC 2016 low ($1060).
Nothing is for certain, but a price...