ZOM stock - Zomedica stock prediction for Thursday September 2nd trading day / Investing

ZOM stock - Zomedica stock prediction for Thursday September 2nd trading day / Investing
Hello everyone, welcome back to my channel. Today we're taking a look at the Zomedica stock, in anticipation of the upcoming Thursday September 2nd trading day.
The Zomedica Pharmaceuticals Corp stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $0.61 and $0.58. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, August 26, 2021, and so far it has fallen 11 point 24%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. Zomedica Pharmaceuticals Corp holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate in this position whilst awaiting further development.