ZK INTERNATIONAL (ShortTerm Consolidation?)

12 de fev. de 2021

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZK is rejected near 5 dollars psychological resistance level
-The good news though is the price is trading at the resistance area
-That is a sign of strength in terms of price action
-Because the Buyers are still interested in this level
-The 9MA support is our short term guide
-We have 4 hours left before this candle closes
-It is like ZK will consolidate around 4.4 dollars for the next few days
-We just have to keep the price above 4 dollars to keep the strong momentum
-So far, there is no major red today, only some profit-taking action
-This is a good opportunity to look for additional entries if there is a new strength
-I will share my new analysis next week




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