We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now. In the previous idea, we said goodbye to you for a month, but only a week passed and here we are doing a new idea. And all because the cost of the Zkin stock made +100% for the week.
The growth takes a parabolic and vertical shape and a strong correction is already somewhere close.
Let's assume that the growth will continue until the round number of $10 per Zkin stock. From there, a correction lasting 1-2 weeks can begin. The target for correction should be considered in the range of $5-6. Because in such a rapidly growing market, we formed a Gap in the zone of $5.30-5.80. TA rules recommend to overlap Gap, but this is not necessary)
No matter what, the chart shows that globally our parabolic growth could have a logical conclusion in the range of $16.