ZNO has had an amazing run! Current resistances are at 31c and the next resistance being at 42c as indicated by the red lines. Key long term support lines are 20c and 18.5c...The volume increased dramatically from the 14th of October and doubled on the last two trading sessions. Volatility is now very high on the stock with overbought condition on the hourly and daily chart! Watch this space carefully. A healthy pullback is imminent and needed unless some good ann is underway which will push the sp back to 50c plus. ZNO has been resurrected from death! The stock had an amazing run when it IPO'd but unfortunately, the sp severally plummeted for a while....definitely worth going long as we have closed above key moving averages.
ZNO Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
