Zen is forming a nice bottom formation on the 8hr time frame. There's a lot of bullish divergence at this level and I'm seeing the .618 as a nice target to stop out the shorts. $8.75 is the resistance level I'm keeping an eye on.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.
This chart based off of The Elliot Wave Theory, Fibonacci, EMA’s, MacD , RSI , Momentum, and resistance/support zones combined with patterns.