ZOOM (ZM) - Opportunity to SELL
Updated
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Summary:
Current price is within our resistance zone and it could drop lower to our S1 zone between 123.60 - 128.50. If price breaks below the S1 zone, it could drop further to our S2 & S3 zone.
Action:
Sell Limit: 144.00
Stop Loss: 150.00
Take Profit: 128.50
Analysis:
R1 is a key resistance zone on the daily chart and a previous breakout zone. Given that current price is within the R1 zone, we could see a drop to our S1 zone. S1 is also a key support zone on the H4 chart, hence, we will not play a move beyond that. However, if price breaks below our S1 zone, it could drop to our S2 & S3 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
Summary:
Current price is within our resistance zone and it could drop lower to our S1 zone between 123.60 - 128.50. If price breaks below the S1 zone, it could drop further to our S2 & S3 zone.
Action:
Sell Limit: 144.00
Stop Loss: 150.00
Take Profit: 128.50
Analysis:
R1 is a key resistance zone on the daily chart and a previous breakout zone. Given that current price is within the R1 zone, we could see a drop to our S1 zone. S1 is also a key support zone on the H4 chart, hence, we will not play a move beyond that. However, if price breaks below our S1 zone, it could drop to our S2 & S3 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
Trade closed: stop reached
Disclaimer
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