Hi all,
ZGL is showing resilience in the face a few adversities.
1) Poor market sentiment.
2) The "untimely" exit of the 2nd largest shareholder.
3) The recent selling of 10% of director's holding.
This shows substance,which ZGL has in spades.
Just a couple of technical facts:
1) ZGL is among a handful of stocks that gained more than 200% over the last 12 months. i.e. it is one of THE BEST.
2) It bounced off exactly from 38% Fib retracement of the upside move ( from 0.12 to 0.65 ),but this level ( 0.45 )was rejected with a vengence. This is a sign of strength.
ZGL's price action is behaving in a proper way.
Who knows....one day it might even be a "blue chip".
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