I’ve held to belief that the reason the other stocks are sky...

I’ve held to belief that the reason the other stocks are sky rocketing is because majority of them fell by 50-80% from their highs in January.

This gives shareholders a benchmark to aim for, as it means the likelihood of that stock reaching those prices again is relatively high.

Zoono on the other hand is entering uncharted territory. It has never seen these prices before and has been riding the wave ever since December. So, there’s more caution around this stock and it’s behaving the same way a normal stock would in a pre Coronavirus world.

There’s a lot of support occurring right now around the 1.80-1.95 range. This tells me that people are stocking up for the imminent announcement in June about the May revenue figures.

Should they be positive then the share price will reflect that accordingly. It won’t stay 1.85ish forever.