Zyne I think it's decision timeJust saving this for myself to look back at later lulz. But yeah I think it's decision time. I think chances are it spikes soon and good targets could be those yellow circles, but there's a chance we keep bleeding so not financial advice, educational for myself ;)
Zynerba
ZYNE Buy or Sell???I would like to represent my idea on the traiding view. Here we can see a little pullback from the bottom and looks like the trend has changed for a while.
I'm waiting the ZYNE
1) 5.00$ Price
2) 5.95$ 2Price
🚀6.80 broken, not much resistance till 10.5!Zyne has a clear breakout from the 6.8 resistance (now being established as the support). Based on the long term numbers, there is not really any key resistance till $10.50. Now the question is when?
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line. Any fall under these trend lines will likely just mean a 'lower high' to end of the year. A fall under the purple & red trend lines will not a good sign.
Technicals looking good and solid financials to tide them through their FDA approval, makes this like bullish overall 🚀🚀
***Yellow horizontal lines are key resistance and support levels.
ZYNE possible to 10Watching this for a while, looks like a breakout from the wedge.
If it sticks, expect a $10 target. Price movement has not been correlated very much to the stock market
Good Luck!
Zynerba Pharmaceuticals, Inc. (ZYNE) long.All description on the chart.
Please, don't forget to like and follow.
Thank you.
ZYNE looking Fine!Nice impulse up with volume over the past few months with a clear ABC correction. The recent correction "may" have finished because $10 (near the .5 fib) is a big psychological level and the dip below it was bought very quickly on Friday. Could we go lower? Certainly, but I would keep this one on a watch list.
Good luck and trade safe!
ZYNE going up after correction (BULL)Zynerba crashed into resistance at at $16.50 on May 17th 2019, and went into correction territory.
The engulfing candlestick today May 29th, 2019 is a very bullish sign ZYNE could go up to at least the $16.50 line.
Technicals are not great, however I expect them to start confirming the bullish trend soon.
Recommended trade:
Long: $13.15 (20SMA)
Sell-target: $16.40
Stop-loss: $11.5
