ZKIN INTERNATIONAL (50D MA Support?)

💎Technical Analysis Summary💎



NASDAQ: ZKIN


-ZK continue its short term correction today
-The price has entered the mid 7 dollars range
-The 50D Moving Average also entered the 7 dollar level
-This will likely catch up with the price and potential give extra support
-If I'm bullish, I want to see ZK hold the yellow box above the 50D MA
-Because if we hold that, the chances to break the trendline resistance increases
-I think Zk will consolidate in the next 5 days before deciding to go higher or not
-There are two potential trading approach here
-First is to enter at the current market price provided it is still above 50D MA
-The second plan is to enter once the trendline resistance is broken upwards
-We have high-risk trade but high reward plan and a much conservative entry but the lower reward
-It all depends on your risk appetite and market condition
-As long as you have a trading plan including risk management
-Entering any potential trade would be easy
-So always practice small and develop a well-disciplined trader


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