Zaptec on the move 🚀
I came to promise a member yesterday that I would look at Zaptec, but in my bustle I had not even thought about it being brand new.
So there is not much data to hold on to and that means that the analysis is not of great value.
However, it can help to see how it has behaved and I have tried to get into a chart.
As it is in its all time high we can not see what is to hold on to, however you can see on the last trading day (Friday D 8Dec) that it got a lot of resistance at the end of the day and then I think that may well be a support line will appear there, but time will tell.
The RSI is tired and is over 80, but it has held up nicely
between the number 52-82 which is positive for overbought
MACD is positive and uptrending with positive momentum
As you can see, I have tried to see what the price does when it is between the support lines and how much it has increased between each jerk upwards.
Brief summary:
THINK the price has hit a support area due to the candestick has a 50% pull back on the day and due to RSI is overbought and probably wants a little down and it has jumped about 35% since the last support line.
The orange arrows at the top of the chart just show what can happen and not what is going to happen 🙏
If you are in, enjoy the ride, if you want in, I would probably wait to buy until it gets closer to MA20 or the last support line
(no there is no one who says it does not just continue)
Feel free to throw a like after it if it could be used (y) 🙏
( GOOGLE TRANSLATE ) - ( JUST TO KEEP TRACK OF MY INVESMENT )
So there is not much data to hold on to and that means that the analysis is not of great value.
However, it can help to see how it has behaved and I have tried to get into a chart.
As it is in its all time high we can not see what is to hold on to, however you can see on the last trading day (Friday D 8Dec) that it got a lot of resistance at the end of the day and then I think that may well be a support line will appear there, but time will tell.
The RSI is tired and is over 80, but it has held up nicely
between the number 52-82 which is positive for overbought
MACD is positive and uptrending with positive momentum
As you can see, I have tried to see what the price does when it is between the support lines and how much it has increased between each jerk upwards.
Brief summary:
THINK the price has hit a support area due to the candestick has a 50% pull back on the day and due to RSI is overbought and probably wants a little down and it has jumped about 35% since the last support line.
The orange arrows at the top of the chart just show what can happen and not what is going to happen 🙏
If you are in, enjoy the ride, if you want in, I would probably wait to buy until it gets closer to MA20 or the last support line
(no there is no one who says it does not just continue)
Feel free to throw a like after it if it could be used (y) 🙏
( GOOGLE TRANSLATE ) - ( JUST TO KEEP TRACK OF MY INVESMENT )
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