ZOM Long Barely Holding on
ZOM update.
On the 4 hour chart. Hit the 200 EMA. It is showing support. Dipped under temporarily. This is very positive if it holds.
I kept my same trend lines from my previous daily chart. Previously said support was approximately 1.77. We are still hovering around that support zooming in on ZOM we see it at 1.69. This is more confluent with the wicks on the daily for bottoms.
One could argue that we are getting higher lows.
Still bullish until a definite break downward.
Looking at a tipple bottom touching the 200 EMA precisely. Still within the descending triangle.
Cheers!
On the 4 hour chart. Hit the 200 EMA. It is showing support. Dipped under temporarily. This is very positive if it holds.
I kept my same trend lines from my previous daily chart. Previously said support was approximately 1.77. We are still hovering around that support zooming in on ZOM we see it at 1.69. This is more confluent with the wicks on the daily for bottoms.
One could argue that we are getting higher lows.
Still bullish until a definite break downward.
Looking at a tipple bottom touching the 200 EMA precisely. Still within the descending triangle.
Cheers!
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