Technical analysis by Stoic-Trader about Symbol ZIL: Sell recommendation (8/24/2024)

The recent uptrend in ZIL over the last few weeks does not appear convincing.Chart Observations:- No reversal patterns observed on the daily chart.- Absence of RSI divergence, indicating a lack of momentum change.- No new higher highs or higher lows to confirm a stable uptrend.This analysis suggests that the downtrend for ZIL is not yet complete. My primary count is detailed on the chart, indicating potential further declines.This outlook will be invalidated if ZIL breaks above the pink line at 0.01827 before making new lows.