I believe ZYXI is ready to fly.
- 3 months consolidation, consistently finding support around the $13 mark
- Broke out of negative trendline on 16th December
- Broke out of flat bottom on 6th January
- Formed a cup (duration of nearly 2 months; around 13% depth)
- Today it's completing the handle
- RSI is consistently rising since 3rd November
- Daily MACD is positive albeit a bit week
- Weekly MACD is just entering positive territory and looking very bullish
- Volume has been on the rise over the past few days
- It's quite heavily shorted, so once it pops it should deliver a strong short squeeze
On a side note, ZYXI's fundamentals are very strong, which I personally find encouraging.
Would love to hear your thoughts and critique, I'm new to trading (this is my first analysis, so be kind! ;-) and can definitely learn a lot, so any comments to help me improve are very welcome.
Thanks!
- 3 months consolidation, consistently finding support around the $13 mark
- Broke out of negative trendline on 16th December
- Broke out of flat bottom on 6th January
- Formed a cup (duration of nearly 2 months; around 13% depth)
- Today it's completing the handle
- RSI is consistently rising since 3rd November
- Daily MACD is positive albeit a bit week
- Weekly MACD is just entering positive territory and looking very bullish
- Volume has been on the rise over the past few days
- It's quite heavily shorted, so once it pops it should deliver a strong short squeeze
On a side note, ZYXI's fundamentals are very strong, which I personally find encouraging.
Would love to hear your thoughts and critique, I'm new to trading (this is my first analysis, so be kind! ;-) and can definitely learn a lot, so any comments to help me improve are very welcome.
Thanks!
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.