$ZIL on Ascending Triangle
ZIL coming down. Found support at 602 two times already, lets see if it holds. Really a little bit of sideways action since 25March, highs get slightly higher each time with less retrace. If we triangle the past 24 hours we see an ascending line of support, with the same area of resistance, although each time it gets slightly higher. If the next bounce stays above 610 then we stay on a bullish trend of rising support. Next top should be 634 range before a quick retracement. Resistance has to break or else the bottom will be 585-590 range. 
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.