ZK INTERNATIONAL GROUP (Retest Previous Daily Resistance)

12 sty 2021

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZKIN did a good job breaking above the previous top around 3.06 Dollars last Jan 5 2021
-The price climbs up to the Fib extension resistance 1.618 or around 3.82 dollars
-ZKIN has pulled back -19% to retest previous resistance of Nov 25 2020 top
-If this is can switch into new support territory in the next few days
-The chances to retest the 3.82 dollars will definitely increase
-And if it can break above 1.618 Fib extension resistance
-The next target is up to 4.29 dollars
-Currently, the 9 Moving Averages is catching up with the price
-This could give an extra layer of support in the short-term
-If we can see 3 consecutive daily green candles
-That is a good sign of support confirmation
-For now, there is no major red flag in the market yet



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