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ZYNE going up after correction (BULL)
Zynerba crashed into resistance at at $16.50 on May 17th 2019, and went into correction territory.
The engulfing candlestick today May 29th, 2019 is a very bullish sign ZYNE could go up to at least the $16.50 line.
Technicals are not great, however I expect them to start confirming the bullish trend soon.
Recommended trade:
Long: $13.15 (20SMA)
Sell-target: $16.40
Stop-loss: $11.5
The engulfing candlestick today May 29th, 2019 is a very bullish sign ZYNE could go up to at least the $16.50 line.
Technicals are not great, however I expect them to start confirming the bullish trend soon.
Recommended trade:
Long: $13.15 (20SMA)
Sell-target: $16.40
Stop-loss: $11.5
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