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Option_Traders
19 de Nov. de 2020 6:33

On watch for reversal 

Zoom Video Communications, Inc.NASDAQ

Descripción

Was showing lots of strength with COVID news. Will be watching for a reversal.

Operación activa

We are long shares and some have options, nice breakout, entry was around 415 so room to manage the trade. .236 fib hit from breakout and holding as resistance. Watching for flag to form and breakout into gap fill ahead of ER
Comentarios
cmsinca
I think this is early... it seems to want to always go in 3 waves before a break down or break out... my guess is your top line of the triangle gets adjusted up a tad with the current action and then consolidates around 400 for a week or so, and THEN it makes its next move. Probably down, in my opinion... but the person on the other side of my trades is a millionaire, and I am not... so take my advice for what it is worth.
Option_Traders
@cmsinca, looking good so far
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