Uptrend Confirmed due to recent price action which has confirmed a reversal by pumping upwards and forming a higher high.
1. Price has formed a higher high 2. It has formed a Golden Cross 3. Recent sessions' price action, ( Bearish Candles) indicate that the stock price is pulling back 4. I will be confident to buy in the $2.72 - $2.82 region (Buy Zone) as it is in the 50%-61.8% Fib Retracement Zone (Golden pocket) 5. There is a gap window between $2.73 - $2.96 region (another confluence of Support)
Please note these are my own notes, by no means trading advice. Please do your own research before entering into any trade.
評論
評論
I am Bullish ZEL, but I still expect price to come down to the Buy Zone between $2.70 - $2.80 for a Buying Opportunity.