ZEO 0.00% 3.6¢ zeotech limited

Chart Action, page-50

  1. 6,271 Posts.
    lightbulb Created with Sketch. 2220
    IMCO it is one of those moments where the market reaction doesn't quite match the announcement. However it does match the TA and my wave count (i ii iii iv v for wave 1 up). Therefore a wave 2 ? down logically would have to follow.
    The question is when market participants come to their collective senses, establish the bottom for wave 2 ? and take today's positive announcement for what it is? Obviously we have to shake out some day traders at the same time of which some probably have already been burned.
    Updated chart showing the above interpretation ...
    https://hotcopper.com.au/data/attachments/3499/3499943-81c864374bd3c6d8d4dee00b75bac69f.jpg

 
watchlist Created with Sketch. Add ZEO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.