ZEN - Confirmed Breakout? Looks like it!
Updated
Zen has been seeing a spot of a downward wedge, ever since giving up the gains a couple weeks ago. We're seeing what looks to be a breakout from this wedge.
This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop.
MACD is showing it's first bullish deviation in some time.
RSI is not overbought, but we can see the potential for short term reversal or retrace.
Volume confirmation on breakout so far.
This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
This could be pointing to a potential bullflag scenario, in which case the flag is looking like it's about to pop.
MACD is showing it's first bullish deviation in some time.
RSI is not overbought, but we can see the potential for short term reversal or retrace.
Volume confirmation on breakout so far.
This is looking like good breakout play. If you know how to trade a breakout, you know what to do here. If you don't, I suggest looking into it fast ;)
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hit em all :)
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