$ZOM Chart patterns. Potential breakout
This is my prediction of the next uptrend towards Truforma's launch date. The first device from Zomedica.
ZOM is currently in an aggressive upward trend and is likely to continue in this trend. Why? Because you can see in the chart above that ZOM is currently in its next consolidation just like it was in January.
During the making of this post the price has fallen below the resistance. This was also the case in January, but it was immediately corrected the next day (false outbreak).
Also the RSI also reveals the new uptrends.
Ultimately, I think the idea is thatZOM will go to $8 and stay there in the next consolidation until they make revenue for the first time.
I know that a stock price of $8 entails a huge market cap. But because of the hype of Truforma investors first condone that.
I would like to hear feedback from you guys and what you think will happen to the stock in the near future!
ZOM is currently in an aggressive upward trend and is likely to continue in this trend. Why? Because you can see in the chart above that ZOM is currently in its next consolidation just like it was in January.During the making of this post the price has fallen below the resistance. This was also the case in January, but it was immediately corrected the next day (false outbreak).
Also the RSI also reveals the new uptrends.
Ultimately, I think the idea is that
ZOM will go to $8 and stay there in the next consolidation until they make revenue for the first time.I know that a stock price of $8 entails a huge market cap. But because of the hype of Truforma investors first condone that.
I would like to hear feedback from you guys and what you think will happen to the stock in the near future!
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