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ZKIN

ZK INTERNATIONAL GROUP (Triangle Pattern Daily Consolidation)💎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 we need the price to get above the 0.5 Fib level -And give us a follow-through to break the downward trendline resistance -So that our Monthly and Weekly Bullish bias will increase up to the mid-term price action -This is a wait and see game, so being patient is part of the trading ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
9
A stock perfect for scalpers.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 almost 2 years! So now the price should be in the opposite of a free fall. I am not primarily focused on stocks, but this company also utilizes blockchain, which I found attractive and futuristic. Here is my setup idea to buy the uptrend. Buy at $2.20 Sell at $2.60 - 18% profit Stop loss at $2.10 - 4,5% loss Risk reward - 4:1 As the dips continue to attract buyers I look to buy the dip. On this price point of $2.20 are many technical support keys such as: 1.) 4-hour uptrend line 2.) 50 EMA 3.) Support level at $2.20 Thanks for your time and good luck with this idea! Let me know what you think. Tibor
NASDAQ:ZKINLong
by TiborVrbovsky
3
ZKIN 1D A strong momentum is closeWe 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 to closely monitor and keep your finger on the pulse. The break down can move to close the gap in the zone of $1.76-1.83 and at the same time give a chance to tasty buy in long. Why long? Look our global idea , where the inverted H&S is clearly visible. A break of a symmetrical triangle up above $2.30 can immediately and quite quickly direct the price to the first level of the target above $3.20. Forewarned is forearmed :)
NASDAQ:ZKIN
by P_S_trade
7
ZKIN INTERNATIONAL GROUP CO LTD (Strong Monthly Volume)💎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 maintained above the previous month -It will be its 4th green candle signifying a strong momentum -What really interesting is volume, this is the highest record to date -If the overall market sentiment starts a green day in early 2021 -I'm expecting many stocks will follow the same -This is only the Bullish side of thing -Please don't forget the downside potential too ⚠️Please always read the description⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
10
ZKIN 1D Strong growth is more possible than fallIt'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 global picture. So, the ZKIN stock cost made an attempt to close the gap we wrote about previously. The low was $1.83, where the rebound of 40% began. Impressive volatility, as for the stock market. Since the gap is in the zone of $1.76-1.83 , we can assume that the price will fall again in this zone to confidently close it. But we think that buyers will be more active again and will buy out a stock there. Further rebound can be expected much stronger , focusing on the levels painted on the chart - $3.20, $4.60, $5.90 Probably, this accumulation before the shot upwards will last no longer than the end of the month. In general, the picture looks very bullish , especially in the month timeframe, look the additions in the idea comment.
NASDAQ:ZKINLong
by P_S_trade
9
ZKIN INTERNATIONAL GROUP CO LTD (Bullish Weekly Breakout?)💎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 action -If you missed the breakout, wait for the pullback for another opportunity -Zoom in to the daily chart for a more precise entry location -The previous resistance hasn't tested as new support yet -So there is still a chance for the price to come back down before going higher -Everything is only a probability, so please make sure you have a trading plan -We still have a day left before this weekly candle closes -Very Interesting market opportunity this December ⚠️Please always read the description before commenting⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
11
ZKIN Continues to Breakout. 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 forming a rounding bottom bullish pattern. The price continues to find dynamic support at 20 daily EMA, where the dips are being bought, which is an ideal place to load up some ZKIN shares based on the technical analysis. RSI is trending higher and the fact that daily RSI is above 60 means that this stock is currently in high volume trading zone. MACD gave a buy signal at certain height which can result in a strong move to the upside, a close above $2.20 will confirm this outlook. Upcoming resistance lines are located at: $2.20 4% $2.40 13% $2.60 23% $3.15 49% $4.00 90% Over 6 millions in volume was seen today and the volume is likely to increase in the upcoming days. If you are looking to get into this train, I would suggest based on technical analysis to buy the break of $2.40 or buy at the daily 20 EMA. Good luck if you are going to trade this stock! Tibor
NASDAQ:ZKINLong
by TiborVrbovsky
8
ZKIN Buy a break Setup.ZKIN Intraweek We look to buy a break of $2.11 with a stop loss at $1.90. Daily signals are bullish. Price continues to range in a bullish channel. Psychical resistance was located at $2.00. Key weekly resistance located at $2.00 was broken. A clear break of $2.10 will confirm bullish momentum. More upside is expected, but due to a strong resistance located at $2.10 we prefer to buy a break of this resistance. 20 Daily EMA is located at $1.90 and is dynamically support the price. The price can drop as low as $1.70 where 50 EMA and uptrend line is located and still remain bullish. Our outlook is bullish. Our profit targets are located at $2.91 and $3.18 Support $2.00 / $1.90 / $1.70 Resistance $2.10 / $2.50 / $3.00
NASDAQ:ZKINLong
by Signal_Centre1
ZKIN 3D Is it H&S work out beginning and the way only up?ZK International Group Co., Ltd . is a holding company specializing in the design, manufacture and supply of patented high quality stainless steel and carbon steel pipes, mainly used for water and gas supply. Their feature is the use of blockchain technology in the production process. ZKIN is the holding stock, which has been traded on the Nasdaq since September 2017. Trades started at the mark of $8 , and at the beginning of 2018 the high reached $16. The downtrend of the ZKIN campaign lasted throughout 2018. The whole 2019 and 3Q. 2020 the accumulation of shares by institutions has been continued. The accumulation looks like the classic reversal trend figure a Head and Shoulders. 25.09 - $1.4 million was attracted which could be converted into 2,370,968 ordinary shares of the Company. On 25 November, with the opening of the trading day, there was an anomalous surge, forming a solid Gap. Within an hour of trading, buyers were able to achieve the first target of testing a Head and Shoulders figure. Now, according to the canons of TA, the price should fall and close the Gap to the level of $1.76. The Gap closure may also coincide with the testing for strength from above Head and Shoulders base. If the strength test is successful and buyers continue to actively buy shares, then the next targets from above are $3.20, $4.60 and even $5.90. The zone where the bears will start to feel comfortable is just under $1.
NASDAQ:ZKINLong
by P_S_trade
NASDAQ Undervalued Underdog ZKIN. 300% potential!ZKIN is a NASDAQ Stock which has good fundamentals, good increasing financial reports and has a very interesting outlook for the both short and long term price action. They focus on Water Pipe industry with the use of Blockchain . So the fundamental site of this stock is pretty good, but how about the technical aspect? First thing that I would like to mention is that the price has been hovering in range from $2.00 to $1.00 for over 1,5 year and last week has finally manage to break the weekly key resistance located at $2.00 by a full weekly candle from the bullish channel. The price seen strong demand spike from $0.65 from which the overall uptrend has started and after double bottom at $1.05, the current bullish channel which is currently breaking out was formed. The issuing price of ZKIN was around $8 and it’s very undervalued currently, 400% potential only to the issuing price. Looking at RSI , it broke to a new high by 7 points which is very good for the bulls. When we look at MACD, we can see that it’s currently on a buying wave and buying volume is still increasing. 20 and 50 Weekly EMA’s given a long term buy signal. Exceptionally strong volume has been seen previous week , over $33 million dollars. Upcoming strong resistance levels $2.40 $3.15 $4.00 $5.00 $6.00 $6.70 $8.00 - Target 300% $9.00 $11.00 Good luck with this idea!
NASDAQ:ZKINLong
by TiborVrbovsky
1