ZKIN, a pretty unknown stock as I would consider has made over 600% gains since my first bullish analysis at $2 per share, as now it's being trade above $12 per share!
ZKIN, a stock that has few days ago traded in Dollar value higher than:
- Walmart
- Starbucks
- McDonalds
- Ford Motors
- Coca Cola
- Twitter
and all major Covid vaccination companies!
Also, this company has currently gotten into NFT's recently as it's connected with blockchain.
From a technical perspective, the price action has formed an ascending triangle which has bias to break to the upside, potentially retesting the all time high at $16 per share!
MACD however is pretty overextended and is pointing towards a correction to 20 EMA to $10 before a move to bespoke resistance at $16.
The price can fall slightly below $9.00 without impacting the overall uptrend, where 50 EMA with uptrend line support are both located.
My outlook is bullish with no technical reason for a trend change!
Good luck!
ZKIN, a stock that has few days ago traded in Dollar value higher than:
- Walmart
- Starbucks
- McDonalds
- Ford Motors
- Coca Cola
and all major Covid vaccination companies!
Also, this company has currently gotten into NFT's recently as it's connected with blockchain.
From a technical perspective, the price action has formed an ascending triangle which has bias to break to the upside, potentially retesting the all time high at $16 per share!
MACD however is pretty overextended and is pointing towards a correction to 20 EMA to $10 before a move to bespoke resistance at $16.
The price can fall slightly below $9.00 without impacting the overall uptrend, where 50 EMA with uptrend line support are both located.
My outlook is bullish with no technical reason for a trend change!
Good luck!
