$ZUO came back down to the downtrend channel after an uptrend breakout for 5 days with 48% gain. .
I usually play only breakouts with decent success BEFORE they actually happens. This time I'm gonna gamble on a breakout continuation. I dont have a proper check list for this kind of plays, so this will be a good first attempt. PT1: 14 PT2: 15 STOP: 12.5 Possible dump after earnings, followed by a swift recover. Checklist and scores: Technicals:...
Momentum stock picks for next 20 days similar to NIO and ROKU 17% - 40% moves BBY CLVS CRM INSP STNE AMRN ACAD MNK CRC HZNP MDCO BOX ZUO TME MTDR See recent real trades idea: www.thetechnicaltraders.com
AT40 = 23.4% of stocks are trading above their respective 40-day moving averages (DMAs) AT200 = 24.7% of stocks are trading above their respective 200DMAs (new 32-month low) VIX = 22.5 Short-term Trading Call: neutral Commentary The technical damage continues in the stock market. Amid all the carnage and massive gap downs, I am surprised AT40 (T2108), the...