TiborVrbovsky

ZKIN breaking out from Inverted H&S pattern.

NASDAQ:ZKIN   ZK International Group Co., Ltd
The price of ZKIN has been corrective for some time and it has almost turned into an overall downtrend.

However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern.

The price is currently a bit overbought and I expect the price to correct a bit before any more upside.

I expect a correction to $6.20 with possible stem dips to $5.80, a good spot to get in.

Break above $7.15 can bring some serious buying volume as it's usual in this stock price action.

Key resistance levels are located at

$7.15
$8.00
$8.80
$10.50
$12.00
$14.00

Break of each level will result in stronger bull push to the upside.

Good luck!
Tibor

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