Zynerba Pharmaceuticals (ZYNE)

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ZYNE is Smokin! The Strongest Biotech Sector Stock on a Relaltive Strength basis..

$ZYNE yesterday price action saw price break out above the final resistance created earlier in the year and now has no resistance. The points where the breakout is false are also very clear as on the chart itself support (Blue line) has been steadily rising with the trend and is now at $18.33. Time Area showed that price held the Quarterly support (purple line at $19.78 and creates a higher support point. Daily or weekly closes below that lower level damage the trend and leave support way down at $11.77 and below $5.00 so vigilance on any break below the nearest levels is required.

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