Week 14: ZSK2021 Uptrend Channel before it drops
Sorry for the late post .. let's get to it.
Based on the price movement last week, here is what I saw:
(1) Strong bullish movement driven by the news, but it still did not break the previous High.
(2) The Seller is pressing the price down from the top (Thursday, 01 April 2021), it shows that $14.44 is holding it's level.
(3) As indicated last week, my support level is now at $14.10
From here, I am expecting some consolidation in the form of uptrend channel until the price is making a Lower High; then it is time for us to Short the market.
This week my Pending Order:
Sell Limit at $14.35
Stop Loss at $14.51
Take Profit at $13.90
Risk Reward Ratio: 2.66R
Let me know if you have other opinions, we can discuss it in the comment sections.
Based on the price movement last week, here is what I saw:
(1) Strong bullish movement driven by the news, but it still did not break the previous High.
(2) The Seller is pressing the price down from the top (Thursday, 01 April 2021), it shows that $14.44 is holding it's level.
(3) As indicated last week, my support level is now at $14.10
From here, I am expecting some consolidation in the form of uptrend channel until the price is making a Lower High; then it is time for us to Short the market.
This week my Pending Order:
Sell Limit at $14.35
Stop Loss at $14.51
Take Profit at $13.90
Risk Reward Ratio: 2.66R
Let me know if you have other opinions, we can discuss it in the comment sections.
