Back into the descending range that it fell out of, when markets sold off. I got in to this at $2.65 and I think I'm going to hold to a while. It is currently trading above MA20, and it looks like it is packing energy to try for the MA50. Lots of catalysts ahead for H2 - 2020. I am long term very bullish ZYNE.
Looking to break above Gann line, then close the bear gap before moving back to more reasonable levels. I got in a $2.65 yesterday. Looking good so far. Many catalysts ahead for Zynerba in 2020, and trial results so far, are in line with what GWPH met before they got Epidiolex approved. With and NDA, I believe ZYNE would be a $100+ stock.
Watching this for a while, looks like a breakout from the wedge. If it sticks, expect a $10 target. Price movement has not been correlated very much to the stock market Good Luck!
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Nice impulse up with volume over the past few months with a clear ABC correction. The recent correction "may" have finished because $10 (near the .5 fib) is a big psychological level and the dip below it was bought very quickly on Friday. Could we go lower? Certainly, but I would keep this one on a watch list. Good luck and trade safe!
ZYNE touched base at potential bottom. Bullish divergence on the 4 hour chart, flat RSI at the daily chart, with price pattern setting lower lows (also qualifies as bullish divergence). If all goes well, we're set to go look for a weekly lower high, at least at 50MA, but potentially even $14.80 or better. Levels on watch, trade safe!
Just as planed . Looks like next week we Might get the "randevo" with the 50 DMA
IF this impulse has more legs, looking at the golden box for a reaction. if we miss or blast trough, recount and reconsider what this is, this is 1 of many possibilities
I think we may have topped out for now. If you are not in a bullish position right now, perhaps it is wise to hold until resistance is broken, or wait for it to retrace to the 50MA. Indicators show that we're a tiny tad extended atm. Take a look at ZYNE, if CBD Pharma is your game. Just my 2 cents. It's free. Trade with caution.
Double bottom in an uptrend: - The double bottom looks like the letter "W". The twice-touched low is considered a support level. - The advance of the first bottom should be a drop of 10% to 20%, then the second bottom should form within 3% to 4% of the previous low, and volume on the ensuing advance should increase. - The double bottom pattern always follows a...
Although $ZYNE is developing some bull strength, it is still in a large bear trend or trading range. The bulls reversed the market up on the monthly chart from a large high 2, and will probably get some form of a second leg up. However since the IPO this market has been sideways to down, decreasing the likelihood of a strong bull trend developing. The bulls...
I got in at $3.66. Been in and out, trying to sell the rallies and buy the dip. It has been an interesting ride with some extreme gains. Needless to say that my position is bullish. So... what's next? My play with ZYNE is aimed at the CBD legislation that is expected at around October this year. ZYNE has many good patents, ready to market, and once CBD as an...
Zynerba crashed into resistance at at $16.50 on May 17th 2019, and went into correction territory. The engulfing candlestick today May 29th, 2019 is a very bullish sign ZYNE could go up to at least the $16.50 line. Technicals are not great, however I expect them to start confirming the bullish trend soon. Recommended trade: Long: $13.15 (20SMA) Sell-target:...
ZYNE was consolidating healthily and with some extreme volatility. Yesterday we got the good news (fast track for ZYN002), and immediately some renewed buying pressure. Lots of profit taking along the day, and closed the day near the top, which is generally considered a bullish sign. Bearish divergence between the top, just 4 days ago, and yesterday, however, so...
It would seem that ZYNE got a bit ahead of itself. We were very extended on 26, 29 and 30 April, and finally saw some healthy consolidation with an initial 5% pull back. SPY was making ripples yesterday, and probably added much to panic reaction, more than 20% down. I bought that dip with much gratitude, and relished when buying pressure forced her back up to...
We need to see ZYNE break $12.05 with confidence today. If she does, we'll see the 100EMA cross the 150EMA. In any event, I really don't think we're looking at any deeper pull back at the moment. ZYNE is happening. I have a bullish position right now, so I am just going to hold. If we break upward today, I'm going to add to my position. Roth just added a $36...
The 50 EMA has been on the way up for a while, and even the 300 EMA is starting to curve upward. The 100EMA is about to cross the 200EMA, and it doesn't look like it is going to stop there. ZYNE has a short term target of about $15, and a longer term target (early next year) of $24-ish. I got in at $3.60. This is a real winner, so far.