ZI Long idea. 20%+ upside potential

2021年9月27日

Zi has been on a run for the past couple of months forming amazing ascending channel. It is currently resting at support and opening a long position should be relatively low risk if we use SL below the support. From my analysis, we could potentially be at the start of a minor wave 3 of the major wave 3 which could produce a massive move to the upside. Currently ZI is at 64 but this could bounce from here and start a new move to the upside. Since this is not guaranteed we will want to cut out losses below 60-63 range depending on your risk tolerance.