$ZEN shows signs of a healthy correction after a strong rise, currently cooling near the support area of $15.6. This correction seems constructive, as bulls appear to be preparing for the next upward leg towards the $17.5 area. A slight decline may provide a good opportunity to re-enter before momentum resumes.
Trade Setup:
Entry Range: $15.40 – $15.70
Target 1: $16.50
Target 2: $17.00
Target 3: $17.50
Stop Loss (SL): $14.90
If $ZEN holds above $15.4, the structure will remain bullish and may soon confirm another bullish push towards new highs, following this short corrective phase.