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 🙏🎉
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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
-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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