LONG: On its way to test next Resistance at .15

7 dic 2020

ZELAN has been breaking up trendline resistance and might continue to do so especially given the sectoral comeback post-budget 2021 which saw some bullishness towards construction sector.

Any pullback can be strategically averaged down as long as it does not break below .10.

DISCLAIMER: This is not an investment advice nor a buy call. This is just some analysis of based on some technical factors imbued with a little fundamental support. This analysis is based on lagging (past) data (ie historical prices) thus any forward looking statement is just based on perceived highly probabilistic assumption(s) to assist personal trading decision.