Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Top "Stay-at-home" stock that is running
-Running because Zoom makes Teleconference / internet meeting software
-April 08 2020: Google banning Zoom software from work laptops due to security concerns
-April 14 2020: Zoom Clients Get New Call Controls To Choose Data Routing (to ease security concerns)
-April 24 2020: Facebook launches video conferencing , announces updates to FB and Instagram
-April 30 2020: Admits false claims about 300M users
Technical Analysis
-Intraday pattern: Parabolic Fade
-Levels: 134, 136, 139, 144
Original Plan / Strategy
First test short of 136 level with PM level and whole dollar confluence
Review
Fixed my prior mistake in ZM of not getting to full size, got to full size this time but the trade simply didn't worked so I stopped out, was a good call.
I stopped out because 136 was acting as support after it broke above, tape was strong.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-30 10:58:20 | ZM | sell | $135.680 | short |
| 2020-04-30 10:58:22 | ZM | sell | $135.790 | short |
| 2020-04-30 10:58:25 | ZM | sell | $135.920 | short |
| 2020-04-30 11:03:27 | ZM | buy | $136.340 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!