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Message: 6 month chart review and predictions in short and long runs

Dr_lektroluv
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6 month chart review and predictions in short and long runs

posted on Jun 11, 08 12:14PM

Good afternoon gentlemen and lurkers.

I had some spare time today so I had a look at ZENN's technical chart and decided to take my own take on the company's past and future.

So at first glance you can see that excluding April, we were trading pretty much at par with our SMA.

Good now notice the recent spike in share price. Thats short term interest which is likely levelled off. So with profit taking and shorters behind us I think we are headed into a new support cycle quite possibly at the 4.30 region.

With room to grow ZENN motors is looking like a great long term investment. 2009 will be even bigger for us when the highway capable ZENN hits the road.

Hope I got everything right as I am not a technical analyst. In fact 6 months ago I wouldn't even know what to make of these squigly lines (ahem charts).

Feel free to share your takes on the chart with me as I might have it wrong, but I think we're on the verge of our next bullish wave.

Thanks for reading

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