Zion Oil & Gas Inc (ZNOG): Well, at today's close, the candle l...

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Zion Oil & Gas Inc (ZNOG)

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Imperial Whazoo

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Imperial Whazoo

Re: None

Wednesday, 04/04/2018 4:13:27 PM

Wednesday, April 04, 2018 4:13:27 PM

Well, at today's close, the candle looks to me to be a hammer and its at the .618 Fib retrace level (.618 = $4.45) of the Fib splay running from the low on 2/13 of $2.25 and the high on 3/21 of $5.80

Now, if the traders out there who are responsible for the dastardly shorting are using Fib retrace as one of their methodologies, and given that they use candles, it is not going to be missed on them that this is the chart picture as of the close on the day the big news gets out there.

Not a bad setup, is it?

Imperial Whazoo

"Just my opinions, folks. Do your own due diligence & make your own decisions. DO NOT... I repeat... DO NOT make any investment decisions on my comments. They are my opinions. That's all they are... OPINIONS."

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