ZK INTERNATIONAL GROUP (Retest Previous Daily Resistance)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN did a good job breaking above the previous top around 3.06 Dollars last Jan 5 2021
-The price climbs up to the Fib extension resistance 1.618 or around 3.82 dollars
-ZKIN has pulled back -19% to retest previous resistance of Nov 25 2020 top
-If this is can switch into new support territory in the next few days
-The chances to retest the 3.82 dollars will definitely increase
-And if it can break above 1.618 Fib extension resistance
-The next target is up to 4.29 dollars
-Currently, the 9 Moving Averages is catching up with the price
-This could give an extra layer of support in the short-term
-If we can see 3 consecutive daily green candles
-That is a good sign of support confirmation
-For now, there is no major red flag in the market yet
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ZKIN trade ideas
ZKIN (LONG): heading towards $4.00, then $6.00Technical:
Already had my eyes on this pair since the
inverse head & shoulder breakout above the $2.00 price range.
The first TP @3.00 has been hit and waiting for for a pullback strong break to the upside to test the $4.00 mark, and eventually test the $6.00 zone
Fundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
A NASDAQ Blockchain Stock! ZKINHey! I am back with another analysis, this time once again looking at ZKIN.
I analyze ZKIN since it broke the $2.00 mark and is currently 75% since my first analysis, where you can find out more about the fundamentals of this Company and a weekly outlook that is still viable.
Currently ZKIN is headed for another resistance area located at $4.30 - $4.15 although I will be taking profit below $4.15, if the price breaks $3.80 per share.
I will also be looking to buy the support area at a price slightly above $3.15 ($3.16, $3.17..)
The daily candles are very bullish and can be marked as an opposite of a free fall!
Daily outlook for this Stock is pretty bullish.
Good luck with this stock!
ZKIN: A Wonderful Performance That Is Not Over Yet($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news. [/b
Since in my first Idea that I published and following $ZKIN, we can see that this stock is performing very well. Most of the time these stocks that perform this way are underestimated by the market. That's why we made decent profits with this stock. The accumulated profits are more than 200% ( you can check my previous analysis).
Only if you followed the first setup I shared on this stock would have been in the below profits
TP1 @ $2.99 or 50.14% reached
TP2 @ $3.40 or 69% reached
Thank you and Good Luck!
Previous analysis:
Sixth analysis:
ZK INTERNATIONAL GROUP (Strong Weekly Start)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZKIN started the 2021 week on a strong breakout above the previous high
-We have now new local support of around 2.65 dollars
-This will be our immediate support in the short-term action
-Looking at the weekly market structure, the Bullish H&S was confirmed last Nov 2020
-If the Bulls can keep the momentum, we can expect the next target zone around 4-5 dollars
-This area is a confluence of Fib resistance 0.5 - 0.618 level
-We can see last Feb 2019 a strong rejection at this Fib resistance zone
-This can act as resistance again or a good profit-taking zone
-As always, plan and follow your trading objective
-A disciplined trader will never let his emotion overcome his mission
-Over-all the market priority is up, if you missed this opportunity do not get FOMO
-Please patiently wait for a good trade setup like a pullback at support
⚠️Please always read the description⚠️
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ZKIN:🔥+215.88% Accumulated Profits🔥 -The BULLS Are Doing Great($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
$ ZKIN is becoming one of my favorite stocks. From the previous analysis, you can see a clear accumulated profit of 215.88%, if you check all the previous ideas.
I am still holding very strong the triangle pattern that we are now because it can contribute to a change of direction and the movement will be great after that....(I am expecting a strong bullish move)
As long as the price reached the maximum price targets we set in the previous idea inside the triangle pattern, a potential pullback could be on the cards before it rises. However, the bullish momentum is still intact, very strong and we can probably see a break out above the consolidation of the triangle as well.
If the price will test $ 2.38 - $ 2.41 again, we can return to our long positions for the next big move.
Check the previous analysis for the bigger picture and price development.
Targets to consider:
TP 1 @ $ 2.9 or 21.77%
TP 2 @ $ 3.08 or 28.45%
TP 3 @ $ 3.40 or 42.60%
TP 4 @ $ 4.05 or 69.84%
Thank you and Good Luck!
First Analysis:
Second Analysis: Profits +27.63%
Third Analysis: Profits +21.92%
Fourth Analysis: Profits +19.87%, +31.53%, +43.70%
Fifth analysis: 16.84%, 22.7%, 31.69%
ZKIN (LONG): $3.00 has been reached, $4.00 soonTechnical
Already has my eyes on this pair since the
inverse head & shoulder breakout above the $2.00 price range.
The first TP @3.00 has been hit and waiting for for a strong break to the upside to test the $4.00 mark!
Fundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
ZKIN: PLUS 144.65% Profits Already🔥...Bulls Have The Control($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
As we can see $ZKIN is one of those stocks that perform really nice. It can be trad very well with the scalp, short-term, and medium-term strategies as well. On the 4 hour chart, we can clearly see that the price is making Higher Highs and Higher Lows. The typical uptrend criteria. In the meantime, we can anticipate the creation of an ascending triangle. We have an accumulated profit of 144.65% from the previous analysis below (check them one by one if you want:) The price target for the long term positions is still the same but I have updated only the profit percentage if for the current analysis that it's supposed for you to enter the trade now.
Check the previous analysis for in higher time frame and the bigger picture of the trading setup.
Targets to consider:
TP 1 @ $ 2.74 or 16.84% This target is reached 3 times.
TP 2 @ $ 2.87 or 22.7%
TP 3 @ $3.08 or 31.69%
TP 3 @ $ 3.08 or 44.55%
TP 4 @ $ 4.05 or 72.25%
Thank you and Good Luck!
First Analysis:
Second Analysis: Profits +27.63%
Third Analysis: Profits +21.92%
Forth Analysis: Profits +19.87%, +31.53%, +43.70%
ZKIN Buy the uptrend setup.ZKIN - Intraday - We look to buy at 2.33 (stop at 2.17)
20 4-hour EMA is at 2.37
The price continues to find uptrend on 20 EMA.
We look to buy dips.
Dip buying offers good risk reward.
Daily signals are bullish.
The bias is to break to the upside.
Trend line support is located at $2.33.
Price has formed a bullish ascending triangle formation.
Our profit targets will be 2.95 and 3.19
Resistance: 3.00 / 3.20 / 3.40
Support: 2.80 / 2.60 / 2.40
ZK INTERNATIONAL GROUP (Bullish Triangle Pattern?)💎Technical Analysis Summary💎
NASDAQ: ZKIN
-ZK is following the 9MA & 20MA daily support zone since the October uptrend
-It is now forming a potential ascending triangle pattern
-We can see a resistance zone at the body of daily candles between $2.55-$2.65
-This resistance area has been tested 6x and currently being tested today
-From a strong bounce at 20MA support area at $2.22
-The price has been consolidating now for 35 days
-This is a good sign because the Bulls has managed to keep the price at this high
-Respecting and trading above important Moving Averages
-If you are aggressively anticipating an upside breakout in the coming days or weeks
-And want to start scaling in, you may enter a buy position once the price touches the 20MA
-And have a stop loss below the 20MA if the daily candle bearish
-The key here, is to have a trading plan and not get FOMO every time
⚠️Please always read the description⚠️
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Please Exercise Risk Management 💱
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ZKIN (LONG): Slow and steady, reaching TP1 @ $3.00 soonFundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
Technical
Price has a strong support now at $2 after breaking up aggressively to the upside. Expecting the price to reach TP1 @$3.00 and TP2 @ $4.00 real soon!
$ZKIN:What To Expect This Week? PLUS 49.55% Profits Already🔥($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
During the previous 4 weeks, $ZKIN was moving inside a very wide consolidation zone. I am analyzing it on a weekly chart as it gives a more clear view of the opportunities for this week.
In the first 3 weeks, the price moved in a defined zone between 1.88 and 2.57. This was a zone where we made two wonderful trades with a total of 49.55% of profits. The previous week from 14 to 19 of December the price made a higher high increasing in this way the possibilities for a higher move again. Anyway, as long as the price is inside this box we need to secure our profits and take them partially in the safe zones.
Targets to consider:
TP 1 @ $ 2.54 or 19.87% This target is reached twice
TP 2 @ $ 2.76 or 31.53%
TP 3 @ $ 2.99 or 43.70%
TP 4 @ $ 3.40 or 61.58%
TP 5 @ $ 4.05or 92.92%
PS: The first two targets have a very high probability
For a deeper analysis of what is really happening with this stock, please read the related ideas.
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If you like my analysis:)
Thank you and Good Luck!
First Analysis:
Second Analysis:
Third Analysis:
NASDAQ Secret stock - ZKIN.Hey! Today I am here with another ZKIN analysis as this stock is in a strong uptrend.
From a first look at ZKIN 4-hour chart we can spot a very clear uptrend which the “4h uptrend line” confirms, and we may also call this a bullish channel, which has bias to break to the upside.
Without looking at any indicators, this stock is in a strong uptrend even though to the people who look at it daily, the performance may seem mediocre but I assure you this is an more than above average performance.
One fact I've like to share is the fact that ZKIN has new recent high at $3.23 per share, stepping up the last high by $0.06.
And what if we look at indicators? Let’s take a look shall we.
I've made the 50 EMA, the orange one, a bit thicker for this analysis as it’s important to point out the fact that the price still continues to find support at the 50 EMA. This also confirms another fact, and that is that the dips continue to attract, as whenever the price dips to a 50 4h EMA, it immediately bounce to the upside, sometimes resulting in a spike to the upside.
So you can easily buy the dips at 50 EMA or buy the bounce from 50 EMA with this stock as it’s pretty easy to trade or dollar cost average into.
RSI has performed a triple bottom and broke a recent high which can now lead to extended gains. It’s above 60 and volatility is expected to be seen now.
MACD after two strong selling waves is now on a buying one with a buying volume increasing.
Current resistance is located at $2.40 per share, followed by $2.60.
Current support is located at $2.30 and $2.25 per share.
ZK INTERNATIONAL GROUP (Triangle Pattern Daily Consolidation)💎Technical Analysis Summary💎
NASDAQ: ZK INTERNATIONAL GROUP CO LTD
-Daily timeframe shows the price is following the 20MA
-We can see two rejection candles around $3.0-$2.8
-If we plot two trendlines, we can expect ZKIN to consolidate for at least 40 days
-Before a decision making at the apex of the triangle pattern
-For now, trading priority is still up but we need the price to get above the 0.5 Fib level
-And give us a follow-through to break the downward trendline resistance
-So that our Monthly and Weekly Bullish bias will increase up to the mid-term price action
-This is a wait and see game, so being patient is part of the trading
⚠️Please always read the description⚠️
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
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Happy Trading!😊💕💖
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ZKIN (LONG): TP1 @$3.00, TP2 @$4.00Fundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
Technical
Price has a strong support now at $2 after breaking up aggressively to the upside. Expecting the price to reach TP1 @$3.00 and TP2 @ $4.00 real soon!
ZKIN: A Potential Development Of The Elliott Wave Theory- BuyA Development Of The Elliott Wave Perspective:
On March 19, the stock price of $ IKIN reached the lowest level of $ 0.65. After that, we can see a very fast recovery of stock price by more than 350% or by $ 3,018. What I'm focusing on right now is the potential development of Elliot Wave. The first and second waves took place between 19 March and 4 September. We are currently facing two scenarios:
a) The 3rd wave ended at $ 3.18 and we are now in a 4th wave development, so we can predict the 5th wave.
b) The 3rd wave may still be developing and we may be in an extended 3rd wave.
So from both of the above scenarios we are anticipating an upward movement again with the possible target at $3.18 - $ 3.4 and $ 4 - $ 4.15 for other extended developments.
Targets to consider for an upward movement of the price:
TP 1 @ $ 2.54 or 21.92%
TP 2 @ $ 2.99 or 43.05%
TP 3 @ $ 3.40 or 53.62%
TP 4 @ $ 4.15 or 95.48%
($ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
Previous analysis:
Please don't forget to FOLLOW, LIKE, and COMMENT ...
If you like my analysis:)
Thank you and Good Luck!
A stock perfect for scalpers.ZKIN is one of those very volatile stocks that are pretty easy to scalp as a break of certain levels (such as currently $2.40, $2.60..) usually leads to a volume spike, both to the upside or downside.
And these breaks happens currently often as..
..as the price of ZKIN has recently broke the weekly resistance located at $2.00 per share, which was a barrier for almost 2 years! So now the price should be in the opposite of a free fall.
I am not primarily focused on stocks, but this company also utilizes blockchain, which I found attractive and futuristic.
Here is my setup idea to buy the uptrend.
Buy at $2.20
Sell at $2.60 - 18% profit
Stop loss at $2.10 - 4,5% loss
Risk reward - 4:1
As the dips continue to attract buyers I look to buy the dip. On this price point of $2.20 are many technical support keys such as:
1.) 4-hour uptrend line
2.) 50 EMA
3.) Support level at $2.20
Thanks for your time and good luck with this idea! Let me know what you think.
Tibor
ZKIN 1D A strong momentum is closeWe continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive.
It's been 7 days since the publication of our previous idea. This week was spent in consolidation and a symmetrical triangle was formed.
Since the price is already at the end of the figure, the breakthrough may happen this trading session or tomorrow. You need to closely monitor and keep your finger on the pulse.
The break down can move to close the gap in the zone of $1.76-1.83 and at the same time give a chance to tasty buy in long.
Why long? Look our global idea , where the inverted H&S is clearly visible.
A break of a symmetrical triangle up above $2.30 can immediately and quite quickly direct the price to the first level of the target above $3.20.
Forewarned is forearmed :)
ZK InternationalZK International manufactures pipes, tools and devices for water.
Since 2018, ZK International has been working on a research project to create blockchain systems, which they call xSigma.
They are now composing the Blockchain system to focus on the supply chain and the Internet of Things.
There are practically no competitors in the blockchain market, industrial systems, and none of them is public. ZKIN has an existing business that makes it feasible to implement technologies such as blockchain.
It is important to note that they are not raising money or tokens - they are spending their profits to create technology.
On November 23, shares jumped from $ 1.72 to $ 3.05 per share on news that the company plans to fund its subsidiary xSigma to focus on the decentralized financial space, with a focus on decentralized exchanges, stablecoins and lending protocols. "Funded research lab xSigma is now actively working on its ecosystem of products, starting with the DeFi protocol."
If we look at the annual reports, the company's revenue is growing from year to year, even in spite of the pandemic for 2020, an increase of 15% is expected compared to 2019.
This is a strong company with real customers that just didn't get the attention it deserves. If the company continues to use the markening move and continues to publicly promote its blockchain technology, then the company's shares will grow several times.
I suppose at the moment we should take a closer look at two points of entry into the long.
Share your opinion in the comments and support the idea with likes.
Thank you for your support!
ZKIN (LONG): Large monthly candle close = strong upside momentumFundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released today by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
Technical
We can see that the price for ZKIN had a really
strong bullish candle for last month.
This shows that there is strong bullish momentum right now
for this one.
A slight pullback is possible to test the support.
But definitely looking for more upside move!
ZKIN INTERNATIONAL GROUP CO LTD (Strong Monthly Volume)💎Technical Analysis Summary💎
NASDAQ: ZKIN INTERNATIONAL GROUP CO LTD
-After 700 days of consolidation, finally, the price broke to the upside
-We can see the BB indicator started squeezing last June - Oct 2020
-And then a strong breakout direction is seen to the north
-We still have 17 days left until the monthly candle closes
-If this month of December is maintained above the previous month
-It will be its 4th green candle signifying a strong momentum
-What really interesting is volume, this is the highest record to date
-If the overall market sentiment starts a green day in early 2021
-I'm expecting many stocks will follow the same
-This is only the Bullish side of thing
-Please don't forget the downside potential too
⚠️Please always read the description⚠️
A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉
``````````````````````````````````````````````
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: An Excellent Catalyst That Can Make The Price Fly “ZK International Group Co., Ltd. to Form Joint Venture and Bid on Hydropower Project with Total Estimated Cost of 4.9 Billion RMB or $0.7 Billion”, according to a Nasdaq news.
($ZKIN) ZK International Group Co. today announced that it signed a letter of intent with Tuopeng Industrial. Together they would bid on a project that will be funded by the local government Chongqing, the largest city in western China. The project has a total estimated cost of USD 0.7 Billion and it is planned to build a Navigation and Hydropower Junction. In other words, the project is going to be huge and will include facilities such as electricity generation, water supply, flood and drought management, irrigation, fisheries, environmental services, and recreational activities. $ZKIN will own 51% of the joint venture. And the great news is that $ZKIN and Tuopeng Industrial have been negotiating with various levels of government. If approved, this project will have a significant positive impact on the company stock price and the company itself.
Technical outlook:
On the weekly chart price created an “Inverse Head & Shoulders”. This means that the price is going to change direction and the chances are very high for a strong reversal. MACD keeps expanding and this is a good sign as it signals a higher volume of trading for upward movement.
As I anticipated in my previous analysis price tested the high of the previous week and we made a nice 27.63% profit only on this trade. Now we can see that price is near the neckline again giving us again the possibility to buy again this wonderful stock.
Now we are in a better position. We have the technical analysis on our side and combined with strong news as well.
Thank you and Good Luck!