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ZK International Group Co., LtdZK International Group Co., LtdZK International Group Co., Ltd

ZK International Group Co., Ltd

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ZKIN trade ideas

ZKIN INTERNATIONAL GROUP CO LTD (Bullish Weekly Breakout?)💎Technical Analysis Summary💎 NASDAQ: ZK INTERNATIONAL GROUP CO LTD -ZKIN broke out the weekly strong resistance zone -This confirmation is followed by a strong volume above average -This is normally expected during a long consolidation since Mid 2018 -The 50MA & 100MA on the weekly chart is about to cross bullish -It is a good sign in the mid-term price action -If you missed the breakout, wait for the pullback for another opportunity -Zoom in to the daily chart for a more precise entry location -The previous resistance hasn't tested as new support yet -So there is still a chance for the price to come back down before going higher -Everything is only a probability, so please make sure you have a trading plan -We still have a day left before this weekly candle closes -Very Interesting market opportunity this December ⚠️Please always read the description before commenting⚠️ A big Thanks for donating 💰 via Tradingview coins this week to CryptoConsultingServices 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
NASDAQ:ZKIN
by PolarHusk
11
ZKIN Continues to Breakout. ZKIN has broken out from the uptrend channel to the upside and has managed to sustain above the weekly key resistance, which now acts as support located at $2.00 per share. Today the company has released a positive PR report which resulted in the price spike with over 50% increase. Unfortunately for bulls, this rally was sold. The price action seems to be forming a rounding bottom bullish pattern. The price continues to find dynamic support at 20 daily EMA, where the dips are being bought, which is an ideal place to load up some ZKIN shares based on the technical analysis. RSI is trending higher and the fact that daily RSI is above 60 means that this stock is currently in high volume trading zone. MACD gave a buy signal at certain height which can result in a strong move to the upside, a close above $2.20 will confirm this outlook. Upcoming resistance lines are located at: $2.20 4% $2.40 13% $2.60 23% $3.15 49% $4.00 90% Over 6 millions in volume was seen today and the volume is likely to increase in the upcoming days. If you are looking to get into this train, I would suggest based on technical analysis to buy the break of $2.40 or buy at the daily 20 EMA. Good luck if you are going to trade this stock! Tibor
NASDAQ:ZKINLong
by TiborVrbovsky
8
ZKIN (LONG): 100% gain is achievable in the short-termTechnical: The price for ZKIN has broken out from this large inverse head & shoulder pattern which is a bullish reversal pattern. The projected price target is equivalent to the price range measured from the head to the neckline. The first target is at $4.00 Fundamental: ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies. News has been released today by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB. This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
NASDAQ:ZKINLong
by Fisher_Fx
4
$ZKIN: A Stock With Great Profit Potential$ZKIN is a great cheap stock with a high-Profit Potential. From the technicals on the weekly chart we can see that the price formed an "Inverse Head & Shoulders" pattern. This is a typical way how the market change direction of the move. After breaking out the neckline of the "Bullish Pattern" the price is testing it again by giving us the possibility to buy again in a perfect place. We can also see that MACD is expanding and this is another confirmation that the bullish momentum is increasing. These are the first targets...as we will follow this stock step by step. TP1 @ $2.54 or 27.63% gains TP2 @ $2.99 or 50.14% gains Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Thank you and Good Luck!
NASDAQ:ZKINLong
by KlejdiCuni
9
ZKIN Buy a break Setup.ZKIN Intraweek We look to buy a break of $2.11 with a stop loss at $1.90. Daily signals are bullish. Price continues to range in a bullish channel. Psychical resistance was located at $2.00. Key weekly resistance located at $2.00 was broken. A clear break of $2.10 will confirm bullish momentum. More upside is expected, but due to a strong resistance located at $2.10 we prefer to buy a break of this resistance. 20 Daily EMA is located at $1.90 and is dynamically support the price. The price can drop as low as $1.70 where 50 EMA and uptrend line is located and still remain bullish. Our outlook is bullish. Our profit targets are located at $2.91 and $3.18 Support $2.00 / $1.90 / $1.70 Resistance $2.10 / $2.50 / $3.00
NASDAQ:ZKINLong
by Signal_Centre1
ZKIN 3D Is it H&S work out beginning and the way only up?ZK International Group Co., Ltd . is a holding company specializing in the design, manufacture and supply of patented high quality stainless steel and carbon steel pipes, mainly used for water and gas supply. Their feature is the use of blockchain technology in the production process. ZKIN is the holding stock, which has been traded on the Nasdaq since September 2017. Trades started at the mark of $8 , and at the beginning of 2018 the high reached $16. The downtrend of the ZKIN campaign lasted throughout 2018. The whole 2019 and 3Q. 2020 the accumulation of shares by institutions has been continued. The accumulation looks like the classic reversal trend figure a Head and Shoulders. 25.09 - $1.4 million was attracted which could be converted into 2,370,968 ordinary shares of the Company. On 25 November, with the opening of the trading day, there was an anomalous surge, forming a solid Gap. Within an hour of trading, buyers were able to achieve the first target of testing a Head and Shoulders figure. Now, according to the canons of TA, the price should fall and close the Gap to the level of $1.76. The Gap closure may also coincide with the testing for strength from above Head and Shoulders base. If the strength test is successful and buyers continue to actively buy shares, then the next targets from above are $3.20, $4.60 and even $5.90. The zone where the bears will start to feel comfortable is just under $1.
NASDAQ:ZKINLong
by P_S_trade
NASDAQ Undervalued Underdog ZKIN. 300% potential!ZKIN is a NASDAQ Stock which has good fundamentals, good increasing financial reports and has a very interesting outlook for the both short and long term price action. They focus on Water Pipe industry with the use of Blockchain . So the fundamental site of this stock is pretty good, but how about the technical aspect? First thing that I would like to mention is that the price has been hovering in range from $2.00 to $1.00 for over 1,5 year and last week has finally manage to break the weekly key resistance located at $2.00 by a full weekly candle from the bullish channel. The price seen strong demand spike from $0.65 from which the overall uptrend has started and after double bottom at $1.05, the current bullish channel which is currently breaking out was formed. The issuing price of ZKIN was around $8 and it’s very undervalued currently, 400% potential only to the issuing price. Looking at RSI , it broke to a new high by 7 points which is very good for the bulls. When we look at MACD, we can see that it’s currently on a buying wave and buying volume is still increasing. 20 and 50 Weekly EMA’s given a long term buy signal. Exceptionally strong volume has been seen previous week , over $33 million dollars. Upcoming strong resistance levels $2.40 $3.15 $4.00 $5.00 $6.00 $6.70 $8.00 - Target 300% $9.00 $11.00 Good luck with this idea!
NASDAQ:ZKINLong
by TiborVrbovsky
1
$ZKIN is gonna fall todayPupm&Dump trading strategy idea. $ZKIN is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $2,67; stop-loss — $3,17; take-profit — $2,17; Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:ZKINShort
by KozakHlib