Hey! Today I am here with another ZKIN analysis as this stock is in a strong uptrend.
From a first look at ZKIN 4-hour chart we can spot a very clear uptrend which the “4h uptrend line” confirms, and we may also call this a bullish channel, which has bias to break to the upside.
Without looking at any indicators, this stock is in a strong uptrend even though to the people who look at it daily, the performance may seem mediocre but I assure you this is an more than above average performance.
One fact I've like to share is the fact that ZKIN has new recent high at $3.23 per share, stepping up the last high by $0.06.
And what if we look at indicators? Let’s take a look shall we.
I've made the 50 EMA, the orange one, a bit thicker for this analysis as it’s important to point out the fact that the price still continues to find support at the 50 EMA. This also confirms another fact, and that is that the dips continue to attract, as whenever the price dips to a 50 4h EMA, it immediately bounce to the upside, sometimes resulting in a spike to the upside.
So you can easily buy the dips at 50 EMA or buy the bounce from 50 EMA with this stock as it’s pretty easy to trade or dollar cost average into.
RSI has performed a triple bottom and broke a recent high which can now lead to extended gains. It’s above 60 and volatility is expected to be seen now.
MACD after two strong selling waves is now on a buying one with a buying volume increasing.
Current resistance is located at $2.40 per share, followed by $2.60.
Current support is located at $2.30 and $2.25 per share.
From a first look at ZKIN 4-hour chart we can spot a very clear uptrend which the “4h uptrend line” confirms, and we may also call this a bullish channel, which has bias to break to the upside.
Without looking at any indicators, this stock is in a strong uptrend even though to the people who look at it daily, the performance may seem mediocre but I assure you this is an more than above average performance.
One fact I've like to share is the fact that ZKIN has new recent high at $3.23 per share, stepping up the last high by $0.06.
And what if we look at indicators? Let’s take a look shall we.
I've made the 50 EMA, the orange one, a bit thicker for this analysis as it’s important to point out the fact that the price still continues to find support at the 50 EMA. This also confirms another fact, and that is that the dips continue to attract, as whenever the price dips to a 50 4h EMA, it immediately bounce to the upside, sometimes resulting in a spike to the upside.
So you can easily buy the dips at 50 EMA or buy the bounce from 50 EMA with this stock as it’s pretty easy to trade or dollar cost average into.
RSI has performed a triple bottom and broke a recent high which can now lead to extended gains. It’s above 60 and volatility is expected to be seen now.
MACD after two strong selling waves is now on a buying one with a buying volume increasing.
Current resistance is located at $2.40 per share, followed by $2.60.
Current support is located at $2.30 and $2.25 per share.
