Z-Obee: Can This Support Hold?

Z-Obee is testing a crucial support at about $0.363 (50% Fibonacci Retracement Level). If this support is broken, Z-Obee may move towards next support of $0.304 (38.2% Fibonacci Retracement Level). The current stock price is trading below all 3 moving averages of 20D, 50D and 200D which is a bearish trend.

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