Jan. 29 at 8:07 PM
$ZENA: Base Breakout Setup Developing π¨π
ZenaTech Inc. is carving out a constructive base to breakout structure after a prolonged downtrend and multi montHS consolidation.
Price has been putting in higher lows and is now attempting to reclaim key resistance levels, suggesting momentum may be shifting back to the bulls.
Technical highlights:
π Rounded bottom / basing structure formed after capitulation
π Higher-low trend emerging, signaling improving demand
π Price reclaiming the
$3.75β
$4.10 pivot zone<
π Above this area opens the door to a resistance run toward:
β‘οΈ
$4.68
β‘οΈ
$5.45β
$5.79
β‘οΈ
$6.90β
$7.12 (major supply zone)
The current pullback appears constructive, potentially forming a handle or higher low before the next leg higher.
As long as ZENA holds above the
$3.58β
$3.75 support band, the bullish structure remains intact.
Communicated Disclaimer: https://tinyurl.com/TherealshortsqueezyZENA2
Sector Peers:
$DRS $LHX $NOC $UMAC