Zion Oil & Gas Inc (ZNOG)

[tothe]

ZNOG chart~~~ Large white candle after an two day retrace to the 50.00% fib looks pretty good.
* With the MMU pattern expect this consolidation step #2 to last at least two weeks like step #1 in late October into early November.
http://thepatternsite.com/mmu.html
* You are in a primary uptrend with a perfect MA (moving average) stack 50/100/200.... these are serious investment grade parameters that long term traders and investors look for.
* Here are the traders that will be attracted to ZNOG, some are already here. It looks like some traders followed ZN/ZNOG from the MASDAQ since there was selling at the ask and no PPS erosion for all of November. Naturally the December $1.74 spike triggered OTC bid whacking that in turn triggered a whole lot of stops. Today's white candle shows an adequate seller flush retrace down and the resumption of the continuation pattern.
https://www.swing-trade-stocks.com/traders-action-zone.html
chart thread post


http://stockcharts.com/h-sc/ui?s=ZNOG&p=D&yr=0&mn=3&dy=0&i=p3561776201c&a=646884267&r=1550521699656