ZYNE reached important Trading Mark
Updated
ZYNE midterm Performance was strict bullish. We played a nice 1-2-3 game since May 2016 - but last week ZYNE broke through this uptrend, the upmomentum is getting weaker. If we could trade above 18,26, the Chart remains bullish , below that Level a trendchange could start.
The yesterday reached Level is an interesting trading Point:
Why?
1. At the present level the min. correction fibo 38,2 is based (5,98 - 25.85)
2. At the present Level the last Low, the last "3" is based
3. Near the actual Level also the EMA 200 is based
based All these three Points could attract potential buyers
4. We are trading at the bottom edge of the BB`s
5. The RSI reached the oversold area - a longsignal could be generated soon
All These Points could attract potential buyers (risk lovers) - a thinkable anticylical trade could be:
Buying the actual Level with SL near below yesterdays Low, TP1: 19.4 - TP2: 21,2 (min.- fibo 25,85 -17,7)
On the other Hand a dip though yesterdays Low should initiate a further downwave - you also could install a cyclical stoppsell below yesterday Low - SL near above 18,5 - P1 EMA 200@ 17.15 - TP2: 15.92
Comment
The first step is done, no further low Comment
Reached TP1 Comment
today we see an ugly candle! caution! the chart only brightens with prices >20,5 Comment
Thy bought again the 38,2 fibo Comment
oh ohComment
last Chance for a conterComment
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EMA 200 BAttle
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