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Analysis: #NASDAQ $ZYNE

Case 355 #Zynerba Pharmaceuticals Inc.

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

#ZYNE 1/3
Chart 1
Weekly Chart: The long term trend is #bearish as firm resistances are stacked above: #confluence of #pivot and #SMA 200 at 10.16/23 respectively with 3 year #trendline at 11.44 - further up the major #resistance zone 16.97 - 19.43.

ZYNE 2/3
Chart 2
Daily Chart: The short term trend is #bullish but price might trade lower than the all time low at 2.55 and target 1.79. Immediate resistance seen at channel top 7.61 - a close above targets 10.16.

The #Strategy is printed on the image.

$ZYNE 3/3
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