ZOONF trade ideas
#ZNO Zoono Group - Falling Wedge PatternZNO Zoono Group
High risk trade- i give it a 50.50 chance!
Zoono Group has appreciated a lot in 2020 due to the Corona Virus fears.
They sell a product used in sterilization and have had some increase in salesm none so that justify the current SP. Hence its a trde and not an investment at this stage
All the info is available on their website to do your own research
Falling wedge candle formation, two parallel trends, top trend has a greater angle due to making higher highs and is therefor bullish in nature
DYOR and let us know your analysis and thoughts for discussion between the group
Kind regards,
Mo (Momentum)
$ZNO:ASX - ZOONO GROUP - Helping reduce the pig virus in ChinaZoono sounds like an interesting business with both consumer and commercial product offerings. The thing I thought that was most interesting was the deal they did with China as their product has significant impacts on reducing the African Swine Fever virus in the pig population in China. As a result they had a meteoric rise over the last couple of months and might be recovering after a strong pullback. Quite a lot of upside to older highs if it does re-run. Could be worth a watch.
Zoono Group Ltd. is a pharmaceutical and biotechnology company. The firm is engaged in the development, manufacture, and sale of antimicrobial technology effective against all pathogens including bacteria, viruses, mould, algae, and fungi. Its products include aerosol-based sprays, surface sanitizers, treatment of acne, and mould remediation. The company was founded on November 26, 2009 and is headquartered in Auckland, New Zealand.