Chart, page-1045

That hammer was definitely a confirmation of a pullback. Looking at ZNO chart, further pullback is imminent from here. A quick summary of whats happening with ZNO chart.

• Dark Cloud Cover is a candlestick pattern that shows a shift in momentum to the downside following a price rise.The pattern is composed of a bearish candle that opens above but then closes below the midpoint of the prior bullish candle.Both candles should be relatively large, showing strong participation by traders and investors. When the pattern occurs with small candles it is typically less significant. If the candle following the bearish candle also shows declining prices. A further price decline following the bearish candle is called confirmation.
• Stock is still overbought
• Broke key moving averages on the hourly chart.
• Momentum is now weaker on the hourly chart but remains intact on the daily chart
• Next test is $1.14 and ifs broken you will hit a cross-over sell signal..
• Unfilled gap at 99c-1.10
• Money flow out of zno started to occur as of yesterday 13:00pm
• Trend is still powerful but a trend reversal to the downside is indicated on the hourly chart.
  
• Core support is at $0.955