ZKIN (LONG): Large monthly candle close = strong upside momentum
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!
Technical
We can see that the price for ZKIN had a really
strong bullish candle for last month.
This shows that there is strong bullish momentum right now
for this one.
A slight pullback is possible to test the support.
But definitely looking for more upside move!
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!
Technical
We can see that the price for ZKIN had a really
strong bullish candle for last month.
This shows that there is strong bullish momentum right now
for this one.
A slight pullback is possible to test the support.
But definitely looking for more upside move!
