🚀6.80 broken, not much resistance till 10.5!
Updated
Zyne has a clear breakout from the 6.8 resistance (now being established as the support). Based on the long term numbers, there is not really any key resistance till $10.50. Now the question is when?
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line. Any fall under these trend lines will likely just mean a 'lower high' to end of the year. A fall under the purple & red trend lines will not a good sign.
Technicals looking good and solid financials to tide them through their FDA approval, makes this like bullish overall 🚀🚀
***Yellow horizontal lines are key resistance and support levels.
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line. Any fall under these trend lines will likely just mean a 'lower high' to end of the year. A fall under the purple & red trend lines will not a good sign.
Technicals looking good and solid financials to tide them through their FDA approval, makes this like bullish overall 🚀🚀
***Yellow horizontal lines are key resistance and support levels.
Note
Key upward trend has been broken, which was unexpected tbh. A pullback of 10 - 15 % was the max i was expecting and didn't account for the number of speculative investors.Nevertheless, the company has cash to tide through for awhile and a very unique product that will not be easy to replicate (if it work)s. If I didn't feel ive had enough exposure, I would be buying more at this point.
Short term trading wise it might be a little risky, but still looking like a good investment in the longer term.
HODL!
Trade active
Think about how immediately you need your capital. My average is still below this price and I don't need the cash for, so im still in it.
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