Zil broke from it's downtrend last night as the retrace met support.
Slight retrace from resistance after that 10% push as traders protect gains but well supported.
I'm still bullish here - an early position has given me comfort room before this entry has me breathing into a paper bag.
2 support levels coming up to meet retracement could also help push this higher
I'd like to see a further 6% before next resistance and reassessment.
Should be a good weekend for ZIL
Apologies on the previous chart - (Poorly drawn support line so levels we're slightly skewed)
As always, not financial advice, just my thoughts and TA
Bingaz
And.. just noticed as I write this we are breaking to the good. (- targets indicated but retest still plausible)
Hope everyone has a profitable weekend.
Slight retrace from resistance after that 10% push as traders protect gains but well supported.
I'm still bullish here - an early position has given me comfort room before this entry has me breathing into a paper bag.
2 support levels coming up to meet retracement could also help push this higher
I'd like to see a further 6% before next resistance and reassessment.
Should be a good weekend for ZIL
Apologies on the previous chart - (Poorly drawn support line so levels we're slightly skewed)
As always, not financial advice, just my thoughts and TA
Bingaz
And.. just noticed as I write this we are breaking to the good. (- targets indicated but retest still plausible)
Hope everyone has a profitable weekend.
