Zeel () Next What?
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Zeel () Next What?
A Great example of this is Zeel which recently broke down below support at 125 levels and has quickly reversed to start the week. As Long as Prices above 160-165 Levels , then this squeeze thesis is intact and any weakness can be bought with a target near 200 -220 Leveks if it breaks then it will retrace it to 135-140 odd levels again
This also fits into our broader thesis surrounding Media stocks, which continue to show a ton of relative strength as a group.
Donachian Level Lower Level 143 , , Basis 158 which is stock is above trading at current levels if breaks can go long up Upper 172 and breaks then 200-200 Levels to which will be next resistance levels
Noted if Stock is sustained at current levels if it breaks then it will re-test 140-150 levels again
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pls consult your financial advisor before investing in any of the financial instruments.
A Great example of this is Zeel which recently broke down below support at 125 levels and has quickly reversed to start the week. As Long as Prices above 160-165 Levels , then this squeeze thesis is intact and any weakness can be bought with a target near 200 -220 Leveks if it breaks then it will retrace it to 135-140 odd levels again
This also fits into our broader thesis surrounding Media stocks, which continue to show a ton of relative strength as a group.
Donachian Level Lower Level 143 , , Basis 158 which is stock is above trading at current levels if breaks can go long up Upper 172 and breaks then 200-200 Levels to which will be next resistance levels
Noted if Stock is sustained at current levels if it breaks then it will re-test 140-150 levels again
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
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