ZIL to break out of symmetrical triangle soon
Updated
If it breaks up, should retest $.16 area. If it breaks down, could bounce of the $.12 area or continue down to as low as $.10 and that should hold as strong support and be a good buy zone.
Note
Testing upper line of the triangle now. If it breaks out, a good short term trade could look like Buy: $.14 Sell: $.22 for about 60% profit.Note
Didn't break out, but still finding support and resistance on the triangle. Gonna be squeezed out one way or another soon.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.