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High Growth China EV Name Setting up Coiled Breakout from Range

by | Feb 17, 2025

Zeekr Intelligent (ZK) shares of the small cap high growth China EV name are coiling tight in a wedge pattern that has consolidated above its 200 day EMA near 25 and now seeing a bull MACD cross with China names hot. Potential to bust out higher above monthly value resistance of 27.50 with the first target being 30 and then the former high being just under 33. Zeekr is a relatively newer issue after having gone public last May and now setting up an explosive weekly pattern if the EV group and Chinese names continue to see upside. The anchored VWAP from IPO last year is also held as key support at 24. ZK reported December deliveries rose +102% to 27,200 vehicles recently.

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