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Now, let’s dive into this chart analysis:
After a clear breakout, ZRO achieved a 22% rally but failed to break above the $4.45 resistance.
Currently, the price is holding at the 21 EMA support, but it is likely to reach the support range of $3.68. A good accumulation range for ZRO would be between $3.186 and $3.352.
Key levels:
- Primary Support: $3.68-$3.994.
- Good Accumulation Range: $3.186-$3.352.
- Lower Support: $2.5.
- Target: $5-$6.
DYOR, NFA.
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