Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Wednesday, November 20, 2013

ZHNE

ZHNE was one of the few breakouts that held today, and at first glance, I thought this thing had potential for a big move, but this is a case where the log chart is more misleading than the linear chart: I noticed that the price was quite low, and this had already made a gargantuan move. Projecting a target from pivot points, it turns out that this has probably made most of it's move already, and doesn't have much farther to go. Targets are not written in stone, and his could end up going a lot higher, but the probabilities of that are pretty low: with a weak market, this may struggle to go much higher. Too bad it's just now hitting my radar, but I rarely notice stocks that are less than 5, and this just recently hit 5.

No comments:

Google Analytics