ZKIN (LONG): Consolidate, support retest, more upside!
Price for ZKIN has created a higher high,
and above the green Ichimoku Cloud.
This shows that it is in a strong uptrend.
It is currently consolidating in a falling wedge pattern.
Looking for it to test the support area and more upside from here!
Fundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!
and above the green Ichimoku Cloud.
This shows that it is in a strong uptrend.
It is currently consolidating in a falling wedge pattern.
Looking for it to test the support area and more upside from here!
Fundamental:
ZKIN is a company that manufactures and supplies patented high-performance stainless steel and carbon steel pipe products primarily used for water and gas supplies.
News has been released by the company that they are forming a joint venture with a real estate giant in China to bid for a Hydropower project worth an estimated 4.9 billion RMB.
This project will be funded by the Chinese government so once the bid is approved by the authorities, the price is gonna Soar!