Just putting the chart thread back to charts. Here's my (amateur) thoughts on the weekly and daily charts. As you can see above, we're currently beyond the upper bollinger band AND showing a gravestone doji. I've marked previous occasions where we have retraced backwards somewhat before making the push up again. A possible top-up point would be somewhere near the 20EMA (2.20-2.50? range).
The daily chart shows us bouncing off the EMA support line since early May. The MACD might throw off a sell signal at some point which i think is likely (mostly due to the wider market fears and lateral movements).
My personal guess is it'll probably retrace to the mid-low 2's over the next several weeks, at which point I'll top up my holdings. From a fundamental perspective, good Q2 results (anyone know the rough date??) released would override that and likely push up north of $3 for good.
DYOR
ZNO Price at posting:
$2.77 Sentiment: Buy Disclosure: Held
