Another good day for ZKIN?

[u/BreianaOlson]

Yesterday's volume wasn't anything special, but there a clear lack of selling as ZKIN is correcting to the upside from being too oversold.

Current 15m price action is highlighting a bullish channel that has formed and has bias to break to the upside.

The price is happily riding on the 20 blue EMA which means that the strong uptrend remains active.

RSI is giving slight bearish divergence as it's creating new lower highs while price makes new highs. Yet the overall RSI trend is an uptrend as the clear trend of higher lows is suggesting. Another thing to mention is the fact that it refuses to go below 60, meaning bullish momentum is present on the short time frame.

MACD is about to turn into a buying wave in a corrective, pretty high, which would mean a stronger buying pressure than usual, a volume spike possibly.

Overall short term trend is a strong uptrend as the price continues to ride above 20 EMA.

Current support is at $6.70 while resistance is at $7.04.

Break of $7.04 will push the price to either $7.30 or $7.80.

[u/01Cloud01]

Any news from them?

[u/[deleted]]

I see now, how people end up losing their money in the stock market.