ZOM trade ideas
Bullish Pennant/ Flag forming on $ZOMBe aware of the action that takes place in the next following days.
ZOM PT $3.18Not financial advice, Just Ideas, but it does seem like we are headed towards the same PT on a flag and pennant.
ZOM Still bullishFor the daily. Descending Triangle meeting support at 1.77 approximately on a triple touch. One might call it a bullish pennant.
I see this staying within range until it breaks the upper trend line. Consolidation will keep happening until a definite move happens either way.
Cheers.
ZOM: Key Points we must keep in mind for the short/mid-term!Hello traders and investors! Let’s talk about ZOM today! It’s been a while since my last analysis, so we have some points to update. And if you missed my last public analysis, the link to it is below, as usual.
First, ZOM reversed the short-term bull trend that we discussed in our last study, shortly after a breakout of a key point at $ 2.34. Now the trend is bearish , as we have lower highs/lows, and the 21 ema is pointing down.
Today, it lost the support level around the $ 1.94 (red line) by doing a gap. If this gap is going to be filled in the next two days, it could be an Exhaustion Gap , and work as a reversal pattern for ZOM.
Now, let’s see the daily chart:
In the daily chart the situation is not as horrible as it looks like in the 1h chart, as ZOM is clearly still inside a congestion . As it is normal in congestions, the price could seek its base and the situation would still be under control. Meaning, ZOM could hit the $ 1.48 again, and this would be a buy opportunity.
Another point worth of noticing is the low volume , which indicates that this is not a real sell-off. If it were, the volume would be higher.
ZOM did a false breakout from the $ 2.25, which was the key point we discussed in our last analysis, as it closed above it, then in the next day it did a classic bearish engulfing , which pushed the prices down.
Now, ZOM needs another clear pattern to reverse the bearish bias, and make it retest the $ 2.90 again. A ny good reaction, with good volume will do. I like the fact that the bullish candlesticks have higher volume than the black candlesticks, on average, in the last few days.
This could indicate a possible rally next; we only need some confirmation. And remember to follow me to keep in touch with my daily studies and updates on stocks, and if you liked this idea, remember to support it with your like!
Thank you very much!
ZOM (NYSE) - Wait and seeGreetings
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Pra Trading :
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position and do not do nothing if u see opportunity
- Evaluate and upgrade your trading plan
Execution Strategy :
- Know what you want to buy, see the Fundamental
- Decide that you are on investing or speculating
- Consider what your strategy based on Investing/Speculating
- Make Road Map Of Your Trading Plan
- Decide
a. Entry strategy
b. Cut loss
c. Target of Profit
Post Trading :
a. Do not be sad if you loss or do not be very happy if you win
b. Just become a normal without emotion, Do not put emotion into your trading
c. Evaluate your trading
d. Keep on Learning
e. Be Humble
Idea :
ZOM (NYSE) - Wait and see
ZOMEDICA Bearish Bat Pattern spotted on ZOM. Could retest 1.30 - 1.40 area before rising up above $3.
Another great opportunity for a long position This is a revised post showing the EMA ribbon that I mentioned.
Mar 16
Great buy in opportunity to go Long right during the wedge breakout at the $1.98 level. Without the ema ribbon this would have been easily identifiable. :)
ZOM Double Bottom. Looking at the daily chart on ZOM it seems like a double bottom is playing out. If this plays out we can see a breakout fairly soon. They just announced there first sale of Truforma. This is great news for the company and this can be the start of something big for this company. Will be interesting to see how this plays out the rest of this week.
$zom update Zom looks like it had a strong pull back...
i'll be interested in keeping an eye on this one for a while
Another great opportunity for a long positionGreat buy in opportunity to go Long right during the wedge breakout at the $1.98 level. Without the ema ribbon this would have been easily identifiable. :)
Is $ZOM going to form a cup and handle?$ZOM is expected to see a run-up within the next few days. If a cup and handle is forming, this is what I expect to see for the handle / pullback.
Good luck to everyone playing $ZOM!
In retrospect this would have been a well played long position. Putting in a long position after the breakout of the wedge just below $2 would have been a great strategy. As you can see on the chart, the Ema Ribbon verifies my analysis.
ZOM Triple spike Elliott Curve Triple spike in the works and looks primed to start running right up to the highly anticipated Truforma launch.
Looking to confirm upwards move with a break of the previous high $2.70
Target: $10.80-ish give or take.
Time: 1-2 weeks.
ZOM: Next target and Key Points (UPDATED)!Hello traders and investors! Let’s talk about ZOM again! It has been nearly one month since my last analysis, so, let’s see if it behaved accordingly to our logic. My previous analysis was public, and the link to it is below this post, as always.
First, the green line at $ 2.34 worked as a support, thanks to the Principle of Polarity, which we already discussed, and then it lost the support level at $ 2.13, and it just sought for the next support level.
It hit the support we were aiming in my last analysis at $ 1.48, and since then ZOM is reacting very well, as it is finally doing Higher highs/higher lows , a trait of a short-term bull trend in the 1h chart.
The daily chart is looking good too:
Here we see clearly how ZOM respected the $ 1.48, as it did very long shadows under the candlestick’s bodies every time it hit there. Clearly, there was a lot of buy force around this support. I only wish the volume to be higher.
We said that pullbacks to this level would only offer an opportunity to buy, and ZOM did it twice.
Since the beginning the odds were in the favor of the bulls. Now if ZOM defeats the $ 2.25 the next target will be the $ 2.90, as it would trigger a Double Bottom chart pattern. But I believe now it is not the time to buy ZOM, as the moment has passed. The good time to buy was near the $ 1.48. Remember, always buy near support levels.
Now is time to manage positions and keep our eyes in the $ 2.25. And if you liked this analysis, remember to follow me to keep in touch with my daily studies, and support this idea if you liked it!
Thank you very much. Have a nice weekend.
$ZOMZomedica is a veterinary testing and pharmaceutical company with a much-anticipated product: Truforma.
There are those that believe this will bloom into a $5 stock ~
Zomedica's next uptrend? Hello everybody, this is my second analysis of $ZOM.
By using Heikin-Ashi I determined the uptrends more easier then general candle sticks.
I copied the first and second uptrend swing (using bars pattern) and pasted it in the potential next uptrend.
I think that through the almost launched product Truforma, we can see a new all time high, probably $5+-.
What do you think will happen until 30 March? (launch date Truforma)
I will gladly hear feedback!
Exactly as predicted.$1.94 would have been a great entry price out of this visible breakout of the purple outline. If we reach pre resistance levels around $2.22 we can look for more potential long opportunities.
ZOMZomedica looks like it will be a winner once its veterinarian office lab testing product launches on March 30 . ZOM stock is already up 850% so far this year. In fact, it peaked at $2.70 in early February in anticipation of this product launch.Moreover, the company has very smart about taking advantage of its huge price spike. On Feb. 8, it raised another $185.4 million. In fact, as of Feb. 26, Zomedica had an astounding $277.5 million in cash on its balance sheet, based on an 8-K filing
