ZEL dropped hard but bounced off strongly off its Strong Support Zone and it could be a false break. The current price action looks bullish and I am targeting the recent highs of $2.68 (potential gain 7%) with a tight stop at $2.38. Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
ENTRY: 2.42 SL: 2.74 TP1: 2.21 TP2: 1.88 - ADX<25. Would like to be higher. - RSI<35 - RS and FFI -ve - MACD -ve - Breakdown with good volume
Uptrend Confirmed due to recent price action which has confirmed a reversal by pumping upwards and forming a higher high. 1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back 4. I will be confident to buy in the $2.72 - $2.82 region (Buy Zone) as it is...