(ZKIN) ZK International Group Co. on 10 December 20, signed a letter of intent with Tuopeng Industrial. Together they will form a joint venture that would bid on the construction of a navigation and hydropower project with a total estimated cost of approximately USD 0.7 Billion according to Nasdaq news.
Actually, ZKIN is doing really great. Now I am focused on two possible scenarios related to Elliot Wave development. Scenario 1: The price might be in the 5-th wave that can end near $4.08 - $4.54 and after that, a move higher is expected again up to $6.78 Scenario 2: We might be in the 3-rd wave extended wave that can end near $4.08 - $4.54 and the 5-th wave might end near $6.78.
Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:)