Back in December 2020, we noticed a global "Head and Shoulders" reversal pattern on the ZK International Group Co., Ltd stock chart and began publishing a series of ideas with reviews of how this pattern worked out. In fact, we made 7 exact ideas for growth from $1.80 to $14.60, pointing out the buy and sell zones during the growth. Since March 2021,...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN almost closes below the 4 dollars key support zone -But the bulls defended that region with a strong rejection candle -The price manages to regain above 4 dollars respecting the trendline support -This is a good sign of strength in the short term -Yesterday, the bulls tried to break above the resistance line but...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK may have temporarily found support at low 4 dollars -The price is respecting in this region for the last 9 days -We can also see a strong bullish rejection from here last March 5th -There is also a mini bull flag consolidation on Feb 3-12 before the strong move up -The bulls are trying to hold their current...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -The major support at 5 dollars has been broken as the price continue to trade at $4.24 -If you were holding a position at around 5 dollar range, you'd be stopped out already -Now, the trade idea for upside continue is invalid at 5 dollars buy range -Looking at the current market structure, the next potential support...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK failed to hold above 7 dollar area last week and now trading around 5 dollars -This is technically not a good sign in terms of price action -The good news is the price is reacting at the 20MA in the 6D time frame -ZK bounces from this Moving Average the first time it tested last April 19 -The 5 dollars key support...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN broke out of the trendline resistance a few days ago -And the price started trading above 6 dollars range -Currently, we can see the ZK is showing a little weakness -This may lead to a potential retest of the 100D MA support -If the 6 dollar support failed to hold in the coming days -I think to go down to mid 5...
The price of ZKIN has been corrective for some time and it has almost turned into an overall downtrend. However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern. The price is currently a bit overbought and I expect the price to correct a bit before any more upside. I expect a...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -From my update last week, the price continues to fall to 100D MA -ZKIN touches the 100D MA 3x and we saw a bullish rejection on it -The 5 dollar zone is acting good support in the midterm area -Currently, it is starting to break outside the trendline resistance -This is a good sign because it may have found the...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK continue to trail below the trendline resistance -The price is currently rejected by the 50D MA -We haven't seen any strong move up by the Bulls -ZK is now -60% from the high price -When do we expect any potential reversal? -Since we have lost the 50D MA area -The next important key level of support is at 5...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK continue its short term correction today -The price has entered the mid 7 dollars range -The 50D Moving Average also entered the 7 dollar level -This will likely catch up with the price and potential give extra support -If I'm bullish, I want to see ZK hold the yellow box above the 50D MA -Because if we hold that,...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZKIN closes the monthly candle of March with a strong bullish momentum -This is the 7th consecutive green candles since September 2020 -The price is above the monthly support of 2017-2018 trading history -The RSI is above 70 level which is a good sign of strength -If ZKIN may retest the historical support, it must...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -ZK International is currently retesting the 0.618 Fib level -This zone is a confluence of 20D MA support area -The pullback from 14.7 dollars down to the current level is still healthy -We are just looking for another potential Higher Low zone -The bulls are waiting and looking for the best opportunity -The 50D MA is...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -We can see ZKIN is having an issue breaking above the 14 dollar zone -It just printed its 5th rejection candle yesterday which is not a good sign -This seems to be a profit-taking zone for short term buyers which are the Sellers -We only have few hours left before this daily candle and weekly closes -If the price...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -My previous target of around 8-9 dollars has been achieved -The price even hit a new Higher High with today's strong breakout -This up move is followed with big buy volume -ZKIN is back on its uptrend structure -Our potential local support is around 10 dollars -Which is the previous candle body resistance area -If...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -Previous update was expecting a good bounce at 50D MA -The Bulls defended that region and the price is now trading above 6 dollars -We can see the ZKIN is now outside the short term resistance trendline -And started trailing the 9 Moving Average in the daily -If next week candle continues to trade above 6.6...
We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now. Since the publication of the previous idea , the Zkin price has moved up by 50-60% to $12, after that the fall began, which we warned about. Yes, in the last few days, fluctuations and fall were observed on many stocks traded on Nasdaq, but the...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -My previous update failed to hold the 6$-$5 support area -The price is now testing the 50D MA dynamic area -With the confluence of previous mini consolidation last Feb 3-12 trading history -The over-all market is highly affected by the S&P500 correction -The price has retraced -65% from the top all the way to the...
💎Technical Analysis Summary💎 NASDAQ: ZKIN -My previous published idea and targets are achieved -The price went even above my $10 target zone -That is a strong bullish push up almost hitting the ATH -Currently, the price has now retraced more than -50% -And testing the 20D MA dynamic support range -This zone is a confluence of 0.786 Fib level -We can see a...