ZKIN 1D Strong growth is more possible than fall

Dec 10, 2020

It's been 10 days since the previous ZKIN idea was published. As it started to work out, about as we expected, we suggest to consider it on a smaller time frame.

At the same time, we recommend you to review our previous ZKIN idea , because there we described general information about ZK International Group Co., Ltd., as well as a perfect view of the global picture.

So, the ZKIN stock cost made an attempt to close the gap we wrote about previously. The low was $1.83, where the rebound of 40% began. Impressive volatility, as for the stock market.

Since the gap is in the zone of $1.76-1.83, we can assume that the price will fall again in this zone to confidently close it.

But we think that buyers will be more active again and will buy out a stock there.
Further rebound can be expected much stronger, focusing on the levels painted on the chart - $3.20, $4.60, $5.90

Probably, this accumulation before the shot upwards will last no longer than the end of the month.
In general, the picture looks very bullish, especially in the month timeframe, look the additions in the idea comment.

Dec 10, 2020

Note

Take a look at the confident and promising breakthrough of the Head and Shoulders base with the November month candle. Such a value has not been yet, and the maximum trading volume only confirms the serious intentions of buyers. Perhaps, December will be accumulative and the move upwards will continue further.