ZFGN has been showing the cup and handle pattern on its daily chart. With the shape of a flat "U" and a slight down drifted-handle on the right, ZFGN is considered a sign of bullish continuation. The length of its "U" period indicates the bottom has been consolidated and the risk has been shaken out. Volume remained lower than average in the base of the bowl,...
ZFGN had a huge decline followed by consolidation. now it seems breaking upward & just crossed the EMA 5 & 9. For long we are looking for break of 3.35 & our first target is 3.57 & 2nd 4.93, just underneath the 50 day moving average.
We are keeping a very small stoploss as it is a speculative trade & had both insider buying & selling.
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