ZS got too short, LONG opportunity
Updated
ZS has been very "bearish" for almost month but we're still in a monthly uptrend. At the same time there are bearish exhaustion signs: weekly bearish upthrust has diminished, and value area has been overlapping for the last three days. This creates opportunity to capture possible short-squeeze. It is a high risk trade given the context but upside can be huge. Exercise with caution.
You can see example of possible trade on the chart (conservative profit target)
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
Order cancelled
Price didn't reach my target entry price. Now, on market strength it must confidently go up. If it doesn't happen (or market reverses) the idea is invalidated anyway
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.