ZK INTERNATIONAL (Retest 0.618 Fib Support?)

31 mar 2021

💎Technical Analysis Summary💎



NASDAQ: ZKIN

-ZK International is currently retesting the 0.618 Fib level
-This zone is a confluence of 20D MA support area
-The pullback from 14.7 dollars down to the current level is still healthy
-We are just looking for another potential Higher Low zone
-The bulls are waiting and looking for the best opportunity
-The 50D MA is our strong support because the price has respected it last time
-I'm expecting the 50MA to catch the price around mid 7 dollars
-If we can see bullish reversal at 8 dollars or mid 7 dollars
-I think the new Higher Low point increases our bias for upside continuation
-For now, this could be a buying the dip opportunity
-But I recommend scaling in only once there are signs of strength is present
-I will update tomorrow if we can see any good progress
-Have a nice day everyone!



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