Should be some solid potential trading Zil over the coming weeks.
We have seen a lot of sideways movement but it seems to be behaving itself and bouncing from support.
RSI suggests the need for a slight pullback in the near future which should correlate with a (short term) positive break/retest.
(Not a great time to jump in if you aren't on the boat already but a dip back to support may create an entry opportunity)
It may however roll with this little break all the way to previous resistance before correction.
Really just depends what the flavour of the week is.
Indicators seem solid but DYOR.
As always, not financial advice, just thoughts and TA
Bingaz.
We have seen a lot of sideways movement but it seems to be behaving itself and bouncing from support.
RSI suggests the need for a slight pullback in the near future which should correlate with a (short term) positive break/retest.
(Not a great time to jump in if you aren't on the boat already but a dip back to support may create an entry opportunity)
It may however roll with this little break all the way to previous resistance before correction.
Really just depends what the flavour of the week is.
Indicators seem solid but DYOR.
As always, not financial advice, just thoughts and TA
Bingaz.
