🚀6.80 broken, not much resistance till 10.5!
Diupdate
Zyne has a clear breakout from the 6.8 resistance (now being established as the support). Based on the long term numbers, there is not really any key resistance till $10.50. Now the question is when?
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line. Any fall under these trend lines will likely just mean a 'lower high' to end of the year. A fall under the purple & red trend lines will not a good sign.
Technicals looking good and solid financials to tide them through their FDA approval, makes this like bullish overall 🚀🚀
***Yellow horizontal lines are key resistance and support levels.
If ZYNE' continues on the current upward trend line (Marked in dark grey), we could see it as early as mid-July 2020; Next best would be the Light Grey trend line. Any fall under these trend lines will likely just mean a 'lower high' to end of the year. A fall under the purple & red trend lines will not a good sign.
Technicals looking good and solid financials to tide them through their FDA approval, makes this like bullish overall 🚀🚀
***Yellow horizontal lines are key resistance and support levels.
Komentar
Key upward trend has been broken, which was unexpected tbh. A pullback of 10 - 15 % was the max i was expecting and didn't account for the number of speculative investors.Nevertheless, the company has cash to tide through for awhile and a very unique product that will not be easy to replicate (if it work)s. If I didn't feel ive had enough exposure, I would be buying more at this point.
Short term trading wise it might be a little risky, but still looking like a good investment in the longer term.
HODL!
Trade aktif
Think about how immediately you need your capital. My average is still below this price and I don't need the cash for, so im still in it.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.