ZM
Playing this one tight. $488 is my short term price target. Not expecting a massive breakdown similar to September 2-4. But I sleep better being short despite the bullish uptrend, scalping pullbacks when they're too good to pass up. Volume profiles have served me well with this particular stock. I'd honestly love to see this turkey fly to nosebleed valuations ($800+), it means when the market finally comes to its senses it's gonna be a wild and profitable ride down.
Trade active
Actively managing this thru my target. Holding long for a potential daily breakdown. I was originally opening this position based on 5-m charts.As noted in comments, bulls have all but vanished. Strong seller volume. If price breaks below $450 today I suspect more than a few stop losses will be activated. If this should become a daily breakdown, price target $400.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.