ZNO 4.00% 12.0¢ zoono group limited

Yeah, does not look like an entry point that is for sure.It...

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    Yeah, does not look like an entry point that is for sure.

    It looks to have executed a text book elliot wave, and now approaching the C correction wave. Last two days has peaked at possible resistance point of 0.674. The 3 x candles with long upper wicks indicate reversal. Todays candle is a complete reversal indicator. 20EMA has crossed the 20SMA indicating downward turn.

    Support should/could occur at 0.39, which is both peak of wave 3 and 62fib retrace for this 5 wave set. Could touch the 50SMA by then too.

    The good news is that this 5 wave set, and ABC correction could be the start of an even bigger Elliot Wave.


    https://hotcopper.com.au/data/attachments/1925/1925880-598a0caf35f83e50a7dcff55864efa54.jpg

 
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