ZOM trade ideas
ZOM Price Entering Correction Next Target $3.25Pretty easy trade here. Look at waves 1 and 3. Although Wave 3 has not completed its correction, do you notice the similarities? Bolinger bands are extremely over bought. Needs to come down to earth and consolidate. In doing that we find Fib .382 which is used as support from wave 1. Using this same analysis, and when the overall trend line meets the .382 we have a buy towards the end of February. With that said, This corresponds to also what will be the hype of the product launch. A perfect storm for setting up for the final wave 5. Price targets mapped out on the graph. Let me know your thoughts!
ZOMEDICA CORP STOCK Analysis Technical Analysis
The Idea is to go long following the Major trend: Option 1: if 2.00 USD resistance will not be broken -
Wait the end of a possible price retracement before going log (it might go down to 1.45 USD)
Option 2: if 2.00 USD resistance will be broken in the next days, go long aiming to reach Target Price 1 and then 2.
Fundamental Analysis
The veterinary health specialist is slated to launch its patented Truforma diagnostic system on March 30. The platform is designed to produce fast and accurate results when used to detect diseases in dogs and cats.
The Idea is to go long following the Major trend: Option 1: if 2.00 USD resistance will not be broken -
Wait the end of a possible price retracement before going log (it might go down to 1.45 USD)
Option 2: if 2.00 USD resistance will be broken in the next days, go long aiming to reach Target Price 1 and then 2.
AMEX:ZOM
ZOM daily chart looking bullish.ZOM has been looking good as of late. MACD is bullish widening green, and RSI is heading up towards the overbought territory. We seem to be in the process of breaking out of the bullish pennant. Volume has been up the past few days. Giving this a price target of 3 dollars.
ZOM - impressive price actionZOM broke out of a 22 months resistence @ 0.50 with a Breakaway Gap on 11 Jan (after some stealth accumulation for 2 months prior). Breakqway gaps occurs at the start of a trend and do not get filled (until one fine day when the stock finally turned bearish).
The stock has been trending nicely since, with a bull flag consolidation in the past few weeks before another strong move up yesterday. For those who have yet to stake into this stock, it is difficult to wait for a pullback (which may or not may not happen before it goes much higher). For those who do not mind taking calculated risk, consider to dip your toes in from 1.30-1.50, with initial stop several ticks below yesterday's large candle's low @ 1.16. Position size accordingly to cater for this wide initial stop loss.
Near term target of 1.75 (some resistence around here) should be pretty achievable and the longer term, I feel that 2.98 is definitely plausible. Protect profits with trailing stops at pivot lows on the way up!
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
ZOM breakout1.50 is a very big level for ZOM, hoping to hit $2 if it can stay above 1.50. Hopefully it will get some volume tomorrow pushing it up to $2
Bullish pennant seems to be playing out. March 30 is when the product of the company is released. Important dates coming and the company looks to be poised to benefit. Trading sideways for now.
Channel, end of consolidation?I believe that we are at the end of consolidations and Fib extension shows target at 2!
ZOM - Symmetrical Triangle Breakout In the next few daysAMEX:ZOM
All information on chart.
I'll post additional oscillator readings and ideas below.
DYOR, This is not financial advice, happy trading!
ZOM- Bullish- LongPennant pattern, high flag pole, super bullish
I think it may touch 93 cents again before going back up again, but we have 3 touches of the pennant floor so far which is adequate
Time stop = 4 days (bullish movement by then or out)
ZOM: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
Golden cross in blue
RS above 0, and ascending
ATR Ascending
R/R ratio above 11
200MA ascending
250RSI below 50
If confirmed:
PT = 2.1679$
$ZOM pennant breakoutpotential reversal on the 4hr. hammer formed and held at close Friday staying inside the pattern. looking for a breakout with volume soon to the upside. I would like so see it at least hold above the 20ema before an entry. price tgt 2$
Bullish pennant. ZOM bullish pennant in the daily chart. Volume is gradually going down, and RSI is calming down.
ZOMEDICA(retrace)price will come to channel back.
then analyzed back.
entry price at the channel area.
Zomedica Pharmaceuticals Corp (ZOM) 01/15/21 Zomedica Pharmaceuticals Corp $ZOM 1.2100 PRE-MARKET (+25.12%) 05:25 ET
ZOM reaching denouement in symmetrical triangle ZOM is about to reach the endpoint of it's symmetrical triangle. ZOM has been in the news a lot recently with the Carole Baskin mention and it also has a heavily patented technology coming out at the end of March. This stock has a great leadership team as well. Do you own do dill but I think this one is going up! Price target is $2.50.
penny stock season?!broke downtrend now its in a bullish trend, look for a dip entry around .70-.80, sl .6 price target 1.5 after dip entry! goodluck :)
