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ZOM trade ideas

Head and Shoulder trend about to end, forming a falling wedgeClearly we see bunch of unidentified lines, rest assure, its all the supports and resistance at all angles, the idea is for you not to know what's going on (unless you're expert on this too), nevertheless, Head shoulder formation is about done, and we can see a move up from the bull flag, also of course in the 4 hour time frame, we have a green bullish divergence, also a oversold plot, not a financial advise, and do your own due diligence. thank you if you support my content and ideas. until the next time.
AMEX:ZOMLong
by PepeJTheTrader
ZOM: What would take for it to reverse the trend?Hello traders and investors! Let’s talk about ZOM today! ZOM lost the most important support level at $ 1.48, as we discussed in our last study ( link below this post), and when this happens, it’ll just head to the next support level. This is a shame, as if ZOM reacted, it could’ve given a very interesting trade for us, but unfortunately it didn’t react. Now, if look at the daily chart above, you’ll see that it is just heading to the $ 0.85. The $ 0.85 is a nice support level, yes, but it is not as good as the $ 1.48 could've be , as this is near the 21 ema in the weekly chart: Now, ZOM is under the 21 ema, and it’ll require much more patterns to reverse the bearish sentiment in the mid/long-term. The volume is not the best, and in order to react, we must see it increasing more. Remember: Volume is the fuel of a trend . But I agree that if it reacts near the $ 0.85, it could be a nice start for something great. Let’s calmly wait for another opportunity on ZOM, and always trade carefully, as this is a high volatility stock, so, if you want to trade it, set your stop-loss very tightly to protect yourself. And remember to follow me to keep in touch with my daily updates on stocks, and if you liked this idea, please, support it! Thank you very much!
AMEX:ZOM
by Nathan_The_Finance_Hydra
8
ZOM: The strongest historical support level!Hello traders and investors! Let’s talk about ZOM today! Well, we have a very strong support level around this black line at $ 1.48, and it is not by chance. This support level is the most important key point to keep our eyes on in the next few days, and the relevance of this support is better seen from the daily perspective. But before we see the daily chart, it is important to notice that ZOM hit this support level several times, but we are still in a short-term bear trend, and there’s no reversal sign ahead. Now, the daily chart: Yes, the $ 1.48 is a key point since January, as it was a previous top level, and we have a gap there as well. There’s no reaction in the daily chart as well, but it is hard to imagine ZOM doing anything interesting with the volume so low as it is right now. Meaning, although we don’t have any bullish sign for a reversal, I can’t be convinced by a breakout from such an important support level with low volume. All of this tells me that now is the time to wait on ZOM, as if we see any bullish structure around, it could be a great excuse to buy ZOM at a nice price, with a good Risk/Reward ratio. The optimal target would be the $ 2.90 area, but we have minor resistances that could work as targets as well. If you want to keep in touch with my daily analyses, remember to follow me ! And please, support this idea if you liked it! Thank you very much!
AMEX:ZOM
by Nathan_The_Finance_Hydra
5
ZOM Long Barely Holding onZOM update. On the 4 hour chart. Hit the 200 EMA. It is showing support. Dipped under temporarily. This is very positive if it holds. I kept my same trend lines from my previous daily chart. Previously said support was approximately 1.77. We are still hovering around that support zooming in on ZOM we see it at 1.69. This is more confluent with the wicks on the daily for bottoms. One could argue that we are getting higher lows. Still bullish until a definite break downward. Looking at a tipple bottom touching the 200 EMA precisely. Still within the descending triangle. Cheers!
AMEX:ZOMLong
by Cryptobeginning2012