ZNO 0.00% 2.8¢ zoono group limited

Broker report - revised to $4 from $3.63 (Synopsis and report), page-73

  1. 355 Posts.
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    Beware, this minor rally is probably just a Bear Trap, prime the by side, before another round of shorting producing further cascading stop-losses.
    I did load up higher, then, forced to sell into the shorting, preserved the capital and now can buy back in as soon as I see the MACD kick up, at the moment it's only pointing down.
    My view is that there is another week or two of weakness, moving towards a rally when shorts need to cover leading into the full year results and guidance.
 
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