ZNO
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0.00% 2.6¢ zoono group limited

Beware, this minor rally is probably just a Bear Trap, prime the...

  1. xanax
    354 Posts.
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    21/07/20
    12:08
    Post #: 46005157
    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.
    ZNO Price at posting: $2.28 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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