@ZombieStar, what does the rest of the quarter look like?
ZombieStar
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@melissajohnson, well... not that great. Wasn't enough buying to drag ZOM out of the red areas.
RotanimreT
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@ZombieStar, The good news are that the entire market is in red .My original estimation for the new lower high is to touch the top of the triangle by the end of the month or beginning of August .Lets wait .
bestoch
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Hi there, I appreciate your work however I do not agree. There is a kinda indecision on the weekly time frame forming a triangle (Higher lows and lower highs). So, it’s wiser to wait for the breakout down or up. It might be up and you will be right but nothing so far !
Cheers
RotanimreT
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@bestoch, Hi, thanks for your comment ! Yes, ZOM currently (since mid Feb ) is running in a symmetrical triangle pattern creating lower highs and higher lows and there is no way (in my current opinion) to know where it is going mid term ,but when I look at my chart "The cyclical nature of history" (link is above ) I think that ZOM can possibly create another lower high (in my estimation to ~$0.23 level ) by the end of this month or beginning of the August ,earnings report (August 6) is also scheduled (to my surprise ) at the same time frame when I am expecting ZOM to make it's final lower high move before major move up or down from the symmetrical triangle will happen .The chart above is based on the indicators (as far I can read them right ) and probability based on the previous moves .2 more weeks to see if I was right or wrong in my analysis. Please take a look at the chart "The cyclical nature of history" and let me know what you think.Thanks again for your comment.
bestoch
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@RotanimreT, Now, I agree about your analysis above. the repetitive lower highs zom is making are obvious after each offering. Reaching its diagonal resistence would likely happen again. I traded zom during the previous offering (in April or Mai I do not remember exactly) and made barely 75 %.Now, you should be patient. Trading this move may be correct with a tight stop loss. Again, breaking this resistence can also be very very profitable. Every thing is possible before their earnings. Your technical analysis is nice and does support the bullish side but again you should be cautious because of the monthly bearish trend and the indecisive weekly trend. do not expect more than touching the resistence till it breaks out. Cheers
yeah big move coming for ZOM.