ZKIN INTERNATIONAL(Potential New Support?)

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZK may have temporarily found support at low 4 dollars
-The price is respecting in this region for the last 9 days
-We can also see a strong bullish rejection from here last March 5th
-There is also a mini bull flag consolidation on Feb 3-12 before the strong move up
-The bulls are trying to hold their current position
-But the bears have created another trendline resistance near 5 dollars
-If the bulls can maintain this area until next week
-I think there is a good chance to clear the downward resistance line
-And stop the downtrend move from since March 24
-If you have a current position, please use a tight stop-loss below 4 dollars
-Because once this level of support failed, the next stop is somewhere at $3.7-$3.3
-I will give new updates next week, trade responsibly, and stay safe!




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