ZKIN: Hope You Find It Useful:)As we can see on the two previous analysis the price filled the gap in a perfect way, reached the first target. On the chart we can see that the price completed another bullish triangle (short break), that may push the price higher again for the other two targets $9.66 and $11.00.
Thank you and Good Luck!
You can see below how I followed this trade:
First Idea:
Second Idea:
ZKIN trade ideas
ZKIN: Bull flag breakout, will see $11.00 soon!Last week I have mentioned that the price
is very likely to bounce off the 10 EMA
on the weekly chart and that is what it did exactly.
It has also broken above the $6.00 zone which
is acting as the support now.
Looking for a retest of the resistance
at $11.00 soon!
ZKIN: The Trading performance Of This Stock Is WonderfulIn the previous analysis, the descending channel pattern pushed the price higher by reaching in this way the first two targets with + 26% and + 60%
Actually, the price is filling the GAP which is combined with a very strong support area. The price may move higher than it is now or it may also fill the gap, retest the support area, and then rise higher. Look for reversal signs before you buy again.
Thank you and Good Luck!
Previous analysis:
ZKIN: Update - Bullish BAT In A Bullish Trend.In the previous idea I was waiting for the price to pull back and to test again the support area that I have marked on the chart. As we can see that move happened. The price completed the Bullish BAT harmonic pattern. Now we need to be ready for the next move again. I made some updates to the pricing targets as the pattern was expanded from the previous time.
Targets:
$7.35
$9.24
Thank you and Good Luck!
Previous analysis:
Elliot Wave forming correctionThe stock is currently forming a correction wave 4, after which there is a strong possibility of wave 5. Also, the stock is currently trading above EMA 50 indicating the upward momentum. Possibility of next target above 13. RSI indicator currently around 54 indicating bullish momentum in daily time frame chart.
ZK INTERNATIONAL (Test Mid Resistance or 8 Dollars?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-Previous update was expecting a good bounce at 50D MA
-The Bulls defended that region and the price is now trading above 6 dollars
-We can see the ZKIN is now outside the short term resistance trendline
-And started trailing the 9 Moving Average in the daily
-If next week candle continues to trade above 6.6 dollars
-I think we will have a higher chance to test the 0.5 - 0.618 Fib resistance
-The 8 dollar region will be our mid resistance to break
-If we can clear that region, I think we can retest the 13 dollars recent high
-That is all for the bullish side of the thing
-Now, looking at the downside scenario, if we lose the 9MA dynamic support
-And closes below 6 dollars, I think we will retest the recent low around 5 dollar
-The 50D MA will catch up and may act as support again
-If we bounce from it, it will be a good sign of a potential double bottom
-We need to have both plans if things go south and act what we see not what we feel
-Please trade responsibly and always follow proper risk management
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ZKIN 1D Soon a new movement up (part 7)We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now.
Since the publication of the previous idea , the Zkin price has moved up by 50-60% to $12, after that the fall began, which we warned about.
Yes, in the last few days, fluctuations and fall were observed on many stocks traded on Nasdaq, but the Zkin showed -66% - it makes us think. However, this fall did not go beyond the white parabolic growth.
This fall filled the gap that we mentioned in the previous idea.
Now the price may rise again, the levels that should be guided by growth are $8.50-$9.25-$10.
Then another fall is possible in the zone of $6, where the price will decide : move the white route to the zone of $15-16 or the red route to $2.20.
ZKIN: Uptrend still intact, watch for the 10 EMA bounce!For the past few months,
the price for ZKIN has been trending nicely above the 10 EMA.
After it got rejected at a strong resistance @$11.00,
it is currently pulling back.
We can see that is approaching the 10 EMA once again.
Very likely the price can bounce higher from there once again!
ZK INTERNATIONAL (Test 50D MA Support?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-My previous update failed to hold the 6$-$5 support area
-The price is now testing the 50D MA dynamic area
-With the confluence of previous mini consolidation last Feb 3-12 trading history
-The over-all market is highly affected by the S&P500 correction
-The price has retraced -65% from the top all the way to the current level
-Today's daily candle close is very important because this will affect next week market sentiment
-If ZKIN can hold the area $4 for at least 3 trading days
-I think we can safe to say temporary support is found
-And would expect a relief bounce up provided the S&P500 can find support as well
-For now, please wait for proper reversal signs of strength in terms of bullish price action
-Because we will never know how far this correction can be
-Do not try to catch the bottom, target only the chunk in the middle if we want to play safe
-Always look at both side of the market and be prepared for the worst and best scenarios
-We will have a good trading day again, this is normal in terms of the market cycle or uptrend
⚠️Please always read the description⚠️
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ZKIN: Bullish Double HarmonicsAs we can see $ZKIN after completing the first pattern made a strong reaction. Currently, the price is making another pullback giving us another opportunity to rejoin the trade. The price will test a strong support area where two bullish harmonic patterns have their CD legs. Look for the price reaction and most importantly please manage your risk in every trade you make.
Targets:
$7.35 for the green harmonic pattern
$8.47
$9.24
$10.00
Thank you and Good Luck!
ZKIN: Consolidation phase is the best time to load upThe price has gained over 500% since the
very first post on this one.
We can see that a strong resistance level is @$11.00
and the support @ $6.00.
Right now we can expect the price to move
sideways for a while for profit-taking.
It can even go slightly lower to test the 10 EMA.
Will be looking out for a bullish continuation pattern
to be formed for more upside move!
ZK INTERNATIONAL (Healthy Correction?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-My previous published idea and targets are achieved
-The price went even above my $10 target zone
-That is a strong bullish push up almost hitting the ATH
-Currently, the price has now retraced more than -50%
-And testing the 20D MA dynamic support range
-This zone is a confluence of 0.786 Fib level
-We can see a rejection candle pushing the price above the 20MA
-If the next daily candle turns out green on Monday
-This will increase our bias of $6 potential new support area
-And also, the chances to test the $9 region increases
-It would be a good rebuy opportunity if we are expecting another leg up
-Do not rush in, always wait for a good confirmation to reduce the risk
-This can be only a reaction bounce, not a true support confirmation
-So it is better to observe the market for another day of trading
-Because our main objective is to minimize the risk and maximizing our profit
-Always plan ahead and look at both market direction
-I will update next week once new data comes in
⚠️Please always read the description⚠️
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$ZKIN: Sideways Trading Possibility For Aggressive Price ActionIn my previous analysis shared on Feb 22, 2021, the price made a higher high without giving us the possibility to join the trade. On the next date the price tested our zone $6.78 - $7.3 and tested reached target after that at $10.36 by giving us +46% profits.
Now I am expecting that between the highs and the low the price may develop another possibility of trading. If the price comes down some more up to $6.78 - $7 that corresponds also to a structure zone coming for the left side, exist the possibility that the price may move higher again by reaching first target at $10.36 and second at $12. I would prefer more the firs target to close some good profits again.
Thank you and Good Luck!
Analysis where everything is based:
ZKIN: The Price Keeps Pushing HigherZKIN is developing a very aggressive bullish price action. As long as the weekly candle closed as a very strong bullish engulf probably the price may push higher up to the next structure zone $10.36, without stopping at all. If the price will pullback to retest the broken resistance zone near $6.78 - $7.3, we may find any opportunity to join the trend again up to $10.36
The previous analysis worked very well for this stock.
Thank you and Good Luck!
Base Analysis:
ZKIN: Bullish PennantBullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50
200MA ascending
Target:
PT = 16.67$
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Stay Humble, have fun, make money!
ZKIN: 500% gain, time to pullback and consolidate for nowAfter the price has broken out from
the weekly inverted head & shoulder,
it only moves in one direction - UP!.
The price has gained over 500% since the
very first post on this one.
It has reached the TP2 @10.00 set out last week.
We do see some rejections showing at the resistance level.
Definitely looking for a pullback first for now.
After a period of consolidation, more upside is expected!
ZKIN: How To Join The Trend?ZKIN reached all our old targets with an overall performance of 238.5% only from the first idea because the accumulated profits are higher. As we can see the price is overextended and it made only small corrections during the upward movement. What can happen next? Let's break it down.
The price faced a strong resistance zone near $6.78 - $7.52. This resistance was shown on the close of the daily candle where the price created a bearish "Pin Bar Candle". This gives more value to the resistance zone. The probability is very high that we can see the price to correct the upward movement up to $5.37. Near that zone we may see again a price reaction that can push the price higher up to $8.00.
If the price is going to break above the "Pin Bar Candle" before correcting the move then all of this scenario would be invalidated and the next fast target might be $8.00
Thank you and Good Luck!
First idea:
ZK INTERNATIONAL (Strong Parabolic Move?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN is about to finish its 3rd consecutive weekly bullish candle in few hours
-It will also close above previous support last Oct 2017 - Jun 2018 history
-This is an indication of a strong parabolic move up from $0.66 bottom
-If price acceptance above the green box area, the chances to test the 10 dollar region increases
-The Bulls are strong because what you would expect the previous support could turn resistance but fail
-If you shorted the 6 dollar area last week, you will be in trouble today
-Going against a strong uptrend is high risk and low reward
-It is always recommended to follow the dominance trend
-There is no signs of weakness, the Bulls are in full throttle
-If you can see a good pullback in the green box
-That would be a potential rebuy opportunity again
-I will update this analysis early next week
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to 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!😊💕💖
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ZKIN 1D Soon a new movement up (part 6)We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now.
In the previous idea, we said goodbye to you for a month, but only a week passed and here we are doing a new idea.
And all because the cost of the Zkin stock made +100% for the week.
T he growth takes a parabolic and vertical shape and a strong correction is already somewhere close.
Let's assume that the growth will continue until the round number of $10 per Zkin stock.
From there, a correction lasting 1-2 weeks can begin.
The target for correction should be considered in the range of $5-6.
Because in such a rapidly growing market, we formed a Gap in the zone of $5.30-5.80.
TA rules recommend to overlap Gap, but this is not necessary)
No matter what, the chart shows that globally our parabolic growth could have a logical conclusion in the range of $16.
ZKIN in full bull run mode! 400% gainsAs some of you may know I am monitoring this relatively unknown stock for a while since it was at $2.00 per share and currenly this stock is being traded around $8.00 per share, a 400% increase.
Link to first idea
ZKIN is now in full bull run mode and it's not easy to say where will it find a resistance and see a correction as it's really overbought.
ZKIN is breaking into new highs day by day, without any strong pressure and if there is some, it gets immediately bought.
The next target for ZKIN is located at psychological resistance, $10 per share.
MACD is currently in a second strong buying wave and bullish momentum keeps increasing as we can see on histogram.
RSI is strongly overbought above 90 area, but it's hard to say if it's going to have one more push to $10 or see a correction.
20 and 50 EMA lines are in a very strong uptrend as the price is highly above 20 EMA. This is not ideal as a sharp correction can easily be seen all the way to $3.50 without impacting the overall daily uptrend.
However the price can still go sideways and wait for the EMA's to catch up, that would be a sign of share owners not willing to sell.
If you are looking to trade this stock, it's hard to buy dips as there are almost none so buying a break of recent high at $8.66 would be my approach.
Good luck!
ZKIN: The Performance Continues To GrowSince our first idea, $ZKIN is performing really well. Three of your long-term target were reached. The price still looks very bullish now and the price may keep pushing higher.
If we see the price to reach $4.15 - $4.5 we may join the trade again.
MACD keeps expanding and this is a bullish continuation sign as well.
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Thanks and Good Luck!
First idea: