ZEEL is showing momentum in up move.On weekly time-frame chart it has to face biggest hurdle.If it does so there will be long term reversal and stock will move up significantly.Volumes have increased substantially over period of past few weeks.It has to face off big hurdle(resistance) in next week.
Keep a eye on the stock.
**TRADE CAUTIOUSLY.DO YOUR OWN ANALYSIS**
GUYS STOCK WAS ON A STRONG UP MOVE OVER COUPLE OF LAST SESSIONS..BUT IT IS VISIBLE THAT BODY OF CANDLE IS NOT SATISFACTORY AND LONG WICKS INDICATE THAT STOCK IS SHOWING A SIGN OF DECLINE
USING ELLIOTT WAVES AND FIBONACCI RETRACEMENT..I THINK THAT STOCK CAN SHOW A SIGN OF REVERSAL IN NEXT FEW SESSIONS..
KEEP EYE ON IT....TRADE ON YOUR OWN WISE
Clearly stock formed a U-cup pattern on day chart..
stock can be shorted if it breaks resistance can move down..
VOLUME has also contracted ..so possible breakdown can happen in upcoming sessions..
keep eye on the stock for short side..
**NOT A TRADE BUT AN IDEA**