ZKIN INTERNATIONAL(Retest 100D MA or go Higher?)

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZKIN broke out of the trendline resistance a few days ago
-And the price started trading above 6 dollars range
-Currently, we can see the ZK is showing a little weakness
-This may lead to a potential retest of the 100D MA support
-If the 6 dollar support failed to hold in the coming days
-I think to go down to mid 5 dollars range where the 100D MA is located
-This will be the second retest of the support and potential act as support again
-But if we don't see any pullback, this could play out a mini bull flag
-And target the $8 to $9 resistance zone next week
-For me, the major support is at 4.8 dollars
-As long this level will hold until the midterm
-I think any bullish scenario still considered
-But the only question now is the chances of probabilities
-In terms of risk management, 4.8 dollars is our exit point
-Please always trade responsibly and follow your set of rules
-Have a nice day everyone!



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