Zion Oil & Gas Inc (ZNOG)

[Imperial Whazoo]

Let me tell you what I'm doing.

Put it up on a 3 minute candle and on a 10 minute candle. In the chart that is a 3 minute, for example, you have 4 higher lows and two higher highs. what does that tell you? Ask yourself (I sound like QAnon, lol): if every time it goes down, it goes down less and if every time it goes up it goes up slightly higher, where is the "force" or the momo?

I'd say up as of today. that is.... until it stops being the case.

So, don't panic. It's repeatedly going to higher lows and higher highs. Its like down linemen in a football game. Which side is pushing the other side about?

And here's a freebe to explain the use of 3 minutes & 10 minutes.

First, I assume that I needed to know what the traders at professional desks are doing, so I put a 9 minute EMA and a 200 minute MA on a daily chart.

EDIT: I could use 20 MA instead of 9 EMA, but I make a choice here to use a short term EMA that is commonly used rather than the 20 because the short term EMA is juxtaposed against the long term 200 period MA. Provides balance, IMHO.

So.... back after the EDIT:
This gives me a view of what big boy trading desks do out there all day every day: 9 EMA and 200 MA.

Now here's my personal "secret sauce" for interday charts:
Since there are 390 minutes in a trading day, I use a period that is a factor of 390.... 3 minutes, 10 minutes, 30 minutes, and so forth. 20 minutes (standard fare industry wide) or 9 minute EMA or 200 period MA.... not factors of 390. Hence.... you end up having to compensate for the "remainder" on every candle.

Use a factor set of periods that is factorable into 390 for interday trading. Secret sauce.

This way, by using a set of periods that is factorable cleanly in a trading day, every candle is "clean": no opinion-based shifting to the right or left to compensate for the periodic rounding error that shows up on 20 minutes or 200 minutes (defaults out there for trading desk activity.... and these are on my screens only because it helps to see what the competition is looking at).

So that's the reason I'm saying 3 minutes: I am looking at ZN using 10 mins & 3 mins and in those "magnifications", you see a set of higher lows and higher highs. That's the tell at the moment.

Like, look at the 3 min candle that just formed. If I'd been involved in something other than typing this post (LOL), I could have had a 10K share buy in at $4.26 and I bet I'd have gotten a fill.

Imperial whazoo