Zob stock analysis on 8th of February 2024……

In the daily time, the symbol is involved in the resistance of the 0.3 Fibonacci correction level, which is considered a good support for it due to the good reactions it has had to the 0.5 level before. If the current resistance is broken, the level of 0.2 is a valid resistance to continue the path of the symbol.

On the other side, we have the Fibonacci channel with excellent and accurate reactions, which leaves no doubt about its analyticity. The meaning of no analysis is to speak with certainty and should, which is not a characteristic of humans at all, it is better to check the probability of reactions for trading. According to the chart, the symbol has risen from the support level of 0.3 recently and is on the way to reach the resistance level of 0.5.

The dynamic resistances of EMA and Andrews fork can also be considered in parallel according to the diagram shown.

In the Ichimoku system, the symbol is inside the cloud, which is a sign of neutrality in its scope and the existence of Kijonsen resistance, which is an obstacle to the growth of the symbol. According to the trading volume, the 3470 range is considered one of the important supports of the symbol, and the downward trend line in the RSI has been shown in the same chart, which has been broken, which can indicate the determination of buyers to change the trend, which should be combined with other tools before choosing. Transaction type.