bottom is near
look at chart - suggests around 3.50 is the bottom give or take
could go lower in 3.40s where there was resistence in the past.
key resistence i remember from past was 3.68-3.70
and we're below that now.
3.40s is possible to be touched and then bounce, BUT....
I cant help but look at FIBONACCI 0.615 factor
high was $5.80 * 0.615 = 3.567
To satisfy 'bar' chart we hit a low of 3.52
I look at depth now and psychology is that 3.52 satisfies bar chart to be the bottom close enough to 3.50, PLUS traders work on the magic 0.615 fib mark
depth is looking much better now
If zn goes down tonight we may see an official close at 3.50, but anyone that looks at chart can see that 3.50 is median for the bottom give or take into the late 3,30s - 3.40s if zinc goes back to re-test 3000 or 2900 bottoming there and then resuming uptrend.
So at 3.50ish how much downside is there???
Im considering getting in
just like everyone else ill wait one more day to see what happens
prospective buyers like me now have this mentality of waiting to see a trend reversal
Once this happens, the only way is UP for such a good Zn/lead/silver stock
bottom is nearlook at chart - suggests around 3.50 is the bottom...
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