$ZEN Bullish??
The chart shows a classic "flag" or consolidation pattern after a strong breakout. The price is resting, digesting the 17% gain.
Bullish Scenario (Bounce):
If the price can reclaim the $10.40 level (getting back above the MA25) and the KDJ lines cross upward, the price may retest the recent high of $10.69.
Bearish Scenario (Correction):
If the price fails to hold the current level ($10.30 range), the next major support target is the MA(99) line around $9.75. A drop to this level would be a deeper correction but would technically still keep the uptrend intact.
Disclaimer: This analysis is based on technical indicators visible.
