ZYXI reverses from whipsaw volatility LONGXYNI 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 amplitude of the
the negative histogram on the 2H and impending cross. The mass index is a sensitive
signal of reversal potential is about to trigger and probably has done so on
lower time frames. I will take ZYXI long with a good entry to be found on a 15-30 minute
the time frame when I get an alert that it has crossed over the hand-drawn resistance
trend line. I am expecting 8% before the first take profit target and 12% on the overall
trade over the next 5 trading days or so. A modest profit for low risk, I think.
Anyone in faraway places from the Wall Street market manipulators and FDA, this
one is for you.
