ZKIN INTERNATIONAL(100MA Good Support?)

22 Apr 2021

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-From my update last week, the price continues to fall to 100D MA
-ZKIN touches the 100D MA 3x and we saw a bullish rejection on it
-The 5 dollar zone is acting good support in the midterm area
-Currently, it is starting to break outside the trendline resistance
-This is a good sign because it may have found the support
-And the Bulls are starting to enter the market today
-If we can see a strong push above 6 dollars tomorrow
-I think that is the confirmation of support at 5 dollars
-And the price could rally up to $7-$8 in the coming days
-I recommend waiting for the candle to close tomorrow
-Before making any decision to enter but If the market turns out good
-You may enter with a stop loss below its lowest wick around $4.85
-With this basic trading plan, you will have a proper risk to reward objective



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