XYNI is now ready to reverse long. I analyze this because ZYXI has dropped from overvalued and overbought through the fair value zone into undervalued territory in three trading days by viewing the anchored VWAP bands and the volume profile, The mean VWAP and POC line are confluent at 7.25. This is the logical first target. The MACD lines are negative 4X the...
I believe ZYXI is ready to fly. - 3 months consolidation, consistently finding support around the $13 mark - Broke out of negative trendline on 16th December - Broke out of flat bottom on 6th January - Formed a cup (duration of nearly 2 months; around 13% depth) - Today it's completing the handle - RSI is consistently rising since 3rd November - Daily MACD is...
2 month long accumulation phase Attempting break out here now. News has been building for this little stock. Looks like a good risk reward set up.
The price moves between support and resistance lines. It shows that a big part buying the stocks from the market. You can use 2 strategies here. First one is to wait for a big move (+60%) or just buy stocks from 13$ and sell it for 14$ (7,6%) for 4-7 days. Risk is low.
ZYXI is strong at closing today. Trading in tight channel in since last week. As I mentioned in chart there is a 200 EMA solid support. Buy 1st position here and Add more position on breakout. Set SL according to your appetite. What do you think about this idea? Feel free to ask any questions regarding this idea. Like and comment on this idea for...
Un confirmed Head and and Shoulders on 2 hourly chart. $16.98 is the support at 50SMA (The blue one)
$ZYXI is forming the right shoulder. $15.45 is the critical support.