ZDGE an advertising penny stock LONG
Updated
ZDGE stock price is up 150% in 3 months but can it continue. The analysts are projecting a
forecast of $ 7.00, The chart here is on a 15 minte time frame. Price broke out of consolidation
and got above the high volume area 3 weeks ago. ZDGE has quarterly earnings in two trading
days. This could easily be a quick intraweek swing trade expecting 10-50% as a profit for
the week. The call options for this Friday bought the past Friday morning did 285% for
the day. High ris hi reward it is the nature of the beasts that are penny stocks.
High rising volumes and rising relative strength lend support to immediately raising the
position. The caution here given the volatility is the mass index indicator whose signal line
has exceeded the threshold but not yet triggered. Volume and strength fell a little on the
Friday afternoon market close. I will add to the position but remain cautious that this might
cool down in a hurry on the earnings report.
forecast of $ 7.00, The chart here is on a 15 minte time frame. Price broke out of consolidation
and got above the high volume area 3 weeks ago. ZDGE has quarterly earnings in two trading
days. This could easily be a quick intraweek swing trade expecting 10-50% as a profit for
the week. The call options for this Friday bought the past Friday morning did 285% for
the day. High ris hi reward it is the nature of the beasts that are penny stocks.
High rising volumes and rising relative strength lend support to immediately raising the
position. The caution here given the volatility is the mass index indicator whose signal line
has exceeded the threshold but not yet triggered. Volume and strength fell a little on the
Friday afternoon market close. I will add to the position but remain cautious that this might
cool down in a hurry on the earnings report.
Trade closed: stop reached
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