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Sunday, August 13, 2017 12:27:00 AM
From a technical perspective:
A) The Stochastics and RSI indicators are displaying a bullish divergence as the stock is trading down.
B) The trendlines that tracks the lows of the stock are getting flatter as the wedge completes the formation.
both A and B imply selling pressure is starting to wane.
A short squeeze is possible here, as long as Zion does not post any negative news, and assuming that the warrants that are going to be available Monday are not going to impact the share price significantly.
Stock does look fairly primed though for a bounce.
"Believe only half of what you see and nothing that you hear."
-- Edgar Allan Poe
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