CTD | ZS Play |Buy on ZS
Updated
ENTRY: Bought intraday as the price action is volatile on the ZS candle. It's also mini ZS (MA 20) in weekly chart.
TP: Sell on 3rd day of ZS.
SL: PD breakdown or -4%.
BAD: There are more stocks on an uptrend so I guess it's better if I let go of this and enter uptrend stocks instead.
https://www.tradingview.com/x/92UpBLkl/
TP: Sell on 3rd day of ZS.
SL: PD breakdown or -4%.
BAD: There are more stocks on an uptrend so I guess it's better if I let go of this and enter uptrend stocks instead.
https://www.tradingview.com/x/92UpBLkl/
Note
Gap up shouldn't be filled otherwise, momentum is gone and might go downtrend.Note
-Gap was filled and the next day, it gap down but closed green.-Confluence between MA100 and MA50.
-Still looking like a strong uptrend as the sell down was negated with green closed on a gap down candle.
-Price is sitting in my ST and below the PD resistance - strong sign to sell.
-My gut says to hold but I should always be in bearish bias in charts like this.
-Let's see how the price action tomorrow - 15/6/2020
Trade closed: stop reached
SL (PD) hit on the 15/6/2020.
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