ZKIN about to hit my 300% target!
As you may notice, I've posted several Stock post about this unknown NASDAQ company based in China, ZKIN.
For a bit of fundamentals, checkout my first idea where the price was located at $2.00, 100% profit already!
As the price of ZKIN continues to be in a strong uptrend, breaking into new recent highs, a price of $6.00 per share would be nothing unusual to see! That would lead to another 50% increase from current price and a 300% increase from my first ZKIN outlook.
The weekly resistance levels are located at $4.70, $6.00 and $6.80.
So a break of $4.70 can easily result in a whopping 27% increase in few days.
But as the price of ZKIN likes to ride on 20 EMA, the price seems a bit overextended and a healthy correction to $3.30 area is also likely to be seen, where it may be a good idea to get into this stock! Buying dips is a good strategy in a strong uptrend, if you know where the dip will be located.
MACD after a strong selling wave gave a buy signal and buying volume keeps increasing.
RSI is above 60 which signifies that strong bullish momentum is present, a break below 60 will lead to a correction to $3.30 area.
So either buy a break of recent high at $4.67 or buy a dip at $3.30 area. If you are looking for the best risk reward and greedy, look to buy dips at 50 EMA at $2.70 per share where the price can also be headed in a strong correction.
For a bit of fundamentals, checkout my first idea where the price was located at $2.00, 100% profit already!
As the price of ZKIN continues to be in a strong uptrend, breaking into new recent highs, a price of $6.00 per share would be nothing unusual to see! That would lead to another 50% increase from current price and a 300% increase from my first ZKIN outlook.
The weekly resistance levels are located at $4.70, $6.00 and $6.80.
So a break of $4.70 can easily result in a whopping 27% increase in few days.
But as the price of ZKIN likes to ride on 20 EMA, the price seems a bit overextended and a healthy correction to $3.30 area is also likely to be seen, where it may be a good idea to get into this stock! Buying dips is a good strategy in a strong uptrend, if you know where the dip will be located.
MACD after a strong selling wave gave a buy signal and buying volume keeps increasing.
RSI is above 60 which signifies that strong bullish momentum is present, a break below 60 will lead to a correction to $3.30 area.
So either buy a break of recent high at $4.67 or buy a dip at $3.30 area. If you are looking for the best risk reward and greedy, look to buy dips at 50 EMA at $2.70 per share where the price can also be headed in a strong correction.
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