Zais Grp. Holdings, Inc. (ZAIS)

[stocktrademan]

ZAIS is in the process of making higher highs and higher lows (definition of an uptrend). High volume green candles also show there is more demand than supply for the stock and the chart rises.

The price bounced off the ma50 recently. This moving average is a commonly used measuring tool to determine if the chart is in an uptrend or not, and it has supported price. This gives additional confirmation of uptrend and that being long is the appropriate position at this time.

There is an important level at 3.04 with confluence of the ma20 and ma100. Once the price rises above this level it will be a strong support from which it can complete the wave upwards and to other levels.