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ZK International Group Co., LtdZK International Group Co., LtdZK International Group Co., Ltd

ZK International Group Co., Ltd

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ZKIN trade ideas

ZKIN: Why The Stock Market Is Underperforming?Why The Stock Market Is Underperforming? Recently we have seen that the stock market has not performed very well. Some of these developments are not related to specific stocks or industries. Below I have pointed out some of them: According to a FxStreet report the Biden administration’s proposes: 1. To raise the headline rate of corporate tax from 21% to 28%, which would be the largest increase since the 1950s. 2. It also plans to raise the rate of federal tax paid on long-term capital gains by high income individuals by nearly 20pp. That could weigh on equities. 3.Janet Yellen says that she's not predicting or recommending rates increase. 4.US President Joe Biden's overall program will make big difference to inequality. As we can see, the whole stock market is suffering from these new policies and the current pandemic situation and I really hope that they will not add more pressure on the economy. Trade with care! Thank you 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
26
ZKIN: Bullish Harmonic + FlagOn the bigger picture, we can see that the price reacted from the bullish harmonic and this can be taken as upside confirmation. From the other side on lower time frame price is creating a potential bullish flag. A break out of the price above the flag would confirm for more upside. Targets: $7.47 $9.07 $10.79 Thank you and Good Luck! 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
18
ZKIN looking to cross bullishNot an advisor. ZKIN is battling to get back in the upper channel (giant pitchfork shown) MACD is crossing bullish (on daily) waiting on the moving averages to golden cross. Divergence on the daily chart from previous highs is on the RSI. I believe the next bull run we are going to see some real strength shown on ZKIN. If you zoom out on the chart we also have a 5 year cup and handle playing out. I believe we will see some strong growth in ZKIN's future. I do not have a position here currently, however I am going to be looking to make an entry soon. Going to dive into some DD on the company later.
NASDAQ:ZKIN
by StofAxeCapital
ZKIN: Another Bullish Pattern Was CreatedAfter price broke out from the channel we can see an indicision in the market direction. This is quite visible because price is crrating a potential Bullish Flag. A break out of the price above the flag would confirm for a higher movement. Thank you and Good Luck! 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
18
ZKIN INTERNATIONAL(Retest 100D MA or go Higher?)💎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 dollars range where the 100D MA is located -This will be the second retest of the support and potential act as support again -But if we don't see any pullback, this could play out a mini bull flag -And target the $8 to $9 resistance zone next week -For me, the major support is at 4.8 dollars -As long this level will hold until the midterm -I think any bullish scenario still considered -But the only question now is the chances of probabilities -In terms of risk management, 4.8 dollars is our exit point -Please always trade responsibly and follow your set of rules -Have a nice day everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
18
ZKIN: How Can We Deal With This Situation?After the price broke out from the "Descending Channel" we can clearly see that price broke out from our key level $6.33 on the previous analysis. Now the question is: How Can We Deal With This Situation Where Two Scenarios Are Involved? If the price is going to break above $$7.06 then the next targets are $7.47 and $9.09. The time involved here is something that we can never predict clearly. Targets: $7.68 $9.05 $10.90 Thank you and Good Luck! 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
5
ZKIN breaking out from Inverted H&S pattern.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 correction to $6.20 with possible stem dips to $5.80, a good spot to get in. Break above $7.15 can bring some serious buying volume as it's usual in this stock price action. Key resistance levels are located at $7.15 $8.00 $8.80 $10.50 $12.00 $14.00 Break of each level will result in stronger bull push to the upside. Good luck! Tibor
NASDAQ:ZKINLong
by TiborVrbovsky
3
ZKIN: Update -Price Is Reacting In The ZoneAs we can see from the previous idea the price reacted very well. We can see a move from $5.37 up to $5.98 (or 11.36%). Now we need to see the price above $6.33 for a more bullish movement. Trade with care. Targets: $7.47 $9.07 $10.79 Thank you and Good Luck! Previous idea: 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
3
ZKIN, TIME TO BUY?Hello fellow traders and investors, this stock was brought to my attention by another trader on trading view: KlejdiCuni. I thought I would do some research on this opportunity and share it with you guys. ZKIN has recently pulled back to the support area, if it makes a recovery to the take profit area it offers a 70 to 85% ROI. Technicals: The Macd indicates that it's oversold and is now in an uptrend The RSI is oversold When To Buy: Now When To Sell: In the take profit area Fundamentals: ZK International is a leading manufacturer and engineer of high-performance stainless steel products for projects that require sophisticated water or gas pipeline systems. Leveraging its expertise, ZK International caters its products to infrastructure projects by urban planners, real estate developers, local governments, and municipalities to bring communities reliable and durable gas and water transmission systems. The Company's products including double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings, and single-press tubes and fittings, are sold predominately in China but are also exported and distributed in Europe and Southeast Asia. They have a P/S of 1.57, a debt/equity of 0.40, sales growth Q/Q of 65%, an EPS growth Q/Q of -123% which isn't good, a profit margin of -1.00%, a short float of 12%, an insider ownership of 33% and I do have to warn you that ZKIN is very volatile. Rating: 80/100 the technicals look really good however I am not liking their EPS growth Q/Q so that's why I don't think they deserve 100/100. And thank you to KlejdiCuni for bringing up this trade idea. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NASDAQ:ZKINLong
by UnknownUnicorn11084119
3
ZKIN LONGI have been hopeful that it would go up for the past few days but it didn't. I've now taken a step back and noticed that it's about time that it should go up. 1. The bullish pinbar from 5th of March resembles the one from 20th of April. The next 2-3 days (from 5th of March) showed a start of a bullrun (+239%). Already since the bottom of 20th of April to now, it has increased by 18%. 2. Looking at the RSI and MACD, it's quite easy to follow the trend. It resembles predictable waves. Looking at the MACD, I suppose there will be a cross there anytime soon. 3. I believe a head and shoulder is currently getting manifested. For the head and shoulder to get completed, the price has to go up one more time. I don't believe there will be a lot of resistance on the way up, at least to the $10-level. I try to keep this as simple as possible as I, myself, am pretty new to market trading. If there is anything you'd like to criticize or if you just want me to simplify something, just comment. This is not financial advice! Do your own DD!
NASDAQ:ZKINLong
by Slothie
ZKIN: Bullish Harmonic Near Support ZonePrice created a very nice Bullish Harmonic pattern near a major support zone. Now all we have to do is to watch for the price to show some sign of strength before jumping into the trade. The last month has been tough for many stocks but as you can see after a correction or deep pullback it is time for another price increase. Targets on the chart. Trade with care! Thank you and Good Luck! 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
20
$ZKIN entry 5-5.40 PT 12 and higher Head and shoulder patternZK International Group Co., Ltd., through its subsidiaries, engages in the designing, producing, and selling double-press thin-walled stainless steel, carbon steel, and single-press tubes and fittings in the People's Republic of China. It offers carbon and stainless steel strips; carbon and stainless steel pipes; light gauge stainless steel pipes; pipe connections and fittings; and couplings, adapters, unions, caps, plug pipes, elbows, three-way fittings, tees, cross, side-inlet elbows, wyes, reducers, bushings, pipe fasteners, and pipe flanges. The company also provides stainless steel band, copper strip, valve, light industry machinery and equipment, and other stainless steel products. Its products are used in various applications, including water and gas transmission within urban infrastructural development, residential housing development, food and beverage production, oil and gas exploitation, and agricultural irrigation. The company also exports its products to Europe, Africa, and Southeast Asia. ZK International Group Co., Ltd. was incorporated in 2015 and is based in Wenzhou, the People's Republic of China.
NASDAQ:ZKINLong
by BADQOMOCAWGOWLD
ZKIN INTERNATIONAL(100MA Good Support?)💎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 support -And the Bulls are starting to enter the market today -If we can see a strong push above 6 dollars tomorrow -I think that is the confirmation of support at 5 dollars -And the price could rally up to $7-$8 in the coming days -I recommend waiting for the candle to close tomorrow -Before making any decision to enter but If the market turns out good -You may enter with a stop loss below its lowest wick around $4.85 -With this basic trading plan, you will have a proper risk to reward objective ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins miguelsotelo139 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
17
ZKIN: Price Is Near The Trend Line-👀The price is coming down within a descending channel. In a lower time frame, we can see that a small "Falling Wedge" was created. This could be the reversal pattern. Indeed, the price is close to the trend line. Let’s look for a clear channel break out as with it we will see the bullish momentum grow again. Targets: $7.68 $9.05 $10.90 Thank you and Good Luck! 🛑Disclaimer🛑 The content of this analysis is subject to change at any time without notice. Trading leveraged products carry a high level of risk and may result in you losing substantially more than your initial investment. This is not financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
12
ZKIN: What Can We Expect?On the previous analysis I was expecting for the price to react on the standard Gartley patten that corresponds to $6.84. After price reached that zone we can see only a small pullback and a downward movement again. Now the price is at the limit of the harmonic pattern and the support zone looks really strong. Watch for price reversal before joining the trade. Please use strict risk management rules. Targets: $8.14 $9.66 $10.90 $12.13 Thank you and Good Luck! 🛑Disclaimer🛑: The content on this analysis is subject to change at any time without notice. Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. This is not a financial advice.
NASDAQ:ZKINLong
by KlejdiCuni
21
ZKIN INTERNATIONAL (Test The 100D MA?)💎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 dollars -This is very crucial and the Bulls must defend this region -The 5 dollar area has been resistant and flips to support before -If we will see the same reaction last time -I think this area is a high probable for short term reversal -The 100D MA also coincide in this area which may act as support if tested -This is a wait and see scenario planning -So please make sure you have proper risk management -Never go all-in and always protect your capital -I will update this idea once I see a good sign of strength -For now, be patient and wait for the correct signal to enter ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
15