19 December 2018
Technical Summary: The five year chart of ZEL shows a stock that was on an absolute tear to the upside with the stock moving from less than $4 per share to over $8 per share in just over two years. Since
that time the stock looks like it has worked through the stages of consolidating before breaking to
the downside. The question now is whether we are in a downtrend or if we will bounce back from
here. Technically it seems difficult to tell at the moment.
Do You Want Daily Market Insights?
If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.
Access our expert stock market research Free of charge with no obligation
Access market intelligence tailored for serious investors. Choose a plan that fits your needs—whether you’re looking for timely insights, in-depth analysis, or custom research solutions backed by real expertise, view more.
Billed Monthly/NZD
$45
Per Month
Ideal for active investors who want to stay informed without a long-term commitment.
Subscribe Now
$37.5 p/M
Billed Annually/NZD
$450
Per Year
Perfect for serious investors who rely on consistent, high-quality market insights.
Subscribe Now
$200 Per Hour/NZD
$5K
Starting From
Our team can deliver tailored insights and deep-dive reports to support your investment strategy.
Download BlackBull SCA App
Customer Support Contacts
English WhatsApp support: +64 210 288 6398
Explore
BlackBull Markets is proud to be a Major Partner of the Starship Foundation supporting the vital work of Starship, New Zealand’s national children’s hospital.
Black Bull Research Limited (FSP1006167) holds a financial advice provider licence issued by the Financial Markets Authority to provide financial advice services. Important information about BlackBull Research as a financial advice provider is contained under “Important Information”. We suggest that you read this information carefully, as it will help you to decide whether our services are right for you.
This website contains a general description of BlackBull Research and the services that it provides. This website may also contain views, opinions, estimates, recommendations, and other information. This information is generic in nature and does not consider the specific financial situation, needs, goals or risk tolerance of any person. Prior to acting on any information contained on this website, you should consider the appropriateness of it for you, and you should seek your own independent financial advice.
Copyright © 2025 Black Bull Research Limited. All Rights Reserved.
Unlock this article & access our expert stock market research
ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more