💎Technical Analysis Summary💎 NASDAQ: ZKIN -The price respected the 0.5 Fib support level twice -Today's candle is the confirmation of a new support area -Currently, ZKIN is testing important resistance trendline -This is the level that needs to break to continue its upward move -If this resistance level can't be broken today -Next week trading would be really...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -It seems the 3.7 dollar is a strong resistance zone -The price was unable to break its previous High -ZKIN has pulled back to its 20MA support area -We still have a few hours left before this daily candle closes -It seems to be the 3 Dollar zone is acting as a good support -This is also a confluence of previous...
The price of ZKIN has formed a symmetrical triangle pattern, which can break both to downside or upside. Considering that the price of ZKIN is in a 4H uptrend, it’s more likely to break to the upside. Basically as long as the price isn’t below 50 EMA, which is currently located at $3.12, the overall uptrend remains. The downtrend line that ZKIN has to break, is...
We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now. It's been a month since the publication of our previous idea. Whoever listened to our previous idea had a great chance to earn 50% on Zkin stock price move up . Now the price is consolidating above the level of $3.20, so to speak,...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN did a good job breaking above the previous top around 3.06 Dollars last Jan 5 2021 -The price climbs up to the Fib extension resistance 1.618 or around 3.82 dollars -ZKIN has pulled back -19% to retest previous resistance of Nov 25 2020 top -If this is can switch into new support territory in the next few...
Hey! I am back with another analysis, this time once again looking at ZKIN. I analyze ZKIN since it broke the $2.00 mark and is currently 75% since my first analysis, where you can find out more about the fundamentals of this Company and a weekly outlook that is still viable. Currently ZKIN is headed for another resistance area located at $4.30 - $4.15...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN started the 2021 week on a strong breakout above the previous high -We have now new local support of around 2.65 dollars -This will be our immediate support in the short-term action -Looking at the weekly market structure, the Bullish H&S was confirmed last Nov 2020 -If the Bulls can keep the momentum, we can...
ZKIN - Intraday - We look to buy at 2.33 (stop at 2.17) 20 4-hour EMA is at 2.37 The price continues to find uptrend on 20 EMA. We look to buy dips. Dip buying offers good risk reward. Daily signals are bullish. The bias is to break to the upside. Trend line support is located at $2.33. Price has formed a bullish ascending triangle formation. Our profit targets...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK is following the 9MA & 20MA daily support zone since the October uptrend -It is now forming a potential ascending triangle pattern -We can see a resistance zone at the body of daily candles between $2.55-$2.65 -This resistance area has been tested 6x and currently being tested today -From a strong bounce at 20MA...
Hey! Today I am here with another ZKIN analysis as this stock is in a strong uptrend. From a first look at ZKIN 4-hour chart we can spot a very clear uptrend which the “4h uptrend line” confirms, and we may also call this a bullish channel, which has bias to break to the upside. Without looking at any indicators, this stock is in a strong uptrend even though to...
💎Technical Analysis Summary💎 NASDAQ: ZK INTERNATIONAL GROUP CO LTD -Daily timeframe shows the price is following the 20MA -We can see two rejection candles around $3.0-$2.8 -If we plot two trendlines, we can expect ZKIN to consolidate for at least 40 days -Before a decision making at the apex of the triangle pattern -For now, trading priority is still up but...
ZKIN is one of those very volatile stocks that are pretty easy to scalp as a break of certain levels (such as currently $2.40, $2.60..) usually leads to a volume spike, both to the upside or downside. And these breaks happens currently often as.. ..as the price of ZKIN has recently broke the weekly resistance located at $2.00 per share, which was a barrier for...
We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive. It's been 7 days since the publication of our previous idea. This week was spent in consolidation and a symmetrical triangle was formed. Since the price is already at the end of the figure, the breakthrough may happen this trading session or tomorrow. You need...
💎Technical Analysis Summary💎 NASDAQ: ZKIN INTERNATIONAL GROUP CO LTD -After 700 days of consolidation, finally, the price broke to the upside -We can see the BB indicator started squeezing last June - Oct 2020 -And then a strong breakout direction is seen to the north -We still have 17 days left until the monthly candle closes -If this month of December is...
It's been 10 days since the previous ZKIN idea was published. As it started to work out, about as we expected , we suggest to consider it on a smaller time frame. At the same time, we recommend you to review our previous ZKIN idea , because there we described general information about ZK International Group Co., Ltd. , as well as a perfect view of the...
💎Technical Analysis Summary💎 NASDAQ: ZK INTERNATIONAL GROUP CO LTD -ZKIN broke out the weekly strong resistance zone -This confirmation is followed by a strong volume above average -This is normally expected during a long consolidation since Mid 2018 -The 50MA & 100MA on the weekly chart is about to cross bullish -It is a good sign in the mid-term price...
ZKIN has broken out from the uptrend channel to the upside and has managed to sustain above the weekly key resistance, which now acts as support located at $2.00 per share. Today the company has released a positive PR report which resulted in the price spike with over 50% increase. Unfortunately for bulls, this rally was sold. The price action seems to be...