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
-May 07 2020: Acquires KeyBase to boost security with end-to-end encryption
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Bowl
-Levels: 198, 204, 210
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 210 after earnings release
Confluence: PM Level
Strike Zone: 211.5 - 209
Sizing (lots): 3
Risk (stop / Rs): Hold below 209
Review / Lessons Learned
Started scaling before level and it went against me all the way down to 204 which was an untested level intraday. Got out on the bounce. OGT
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-02 16:07:38 | ZM | buy | $212.150 | long |
| 2020-06-02 16:07:49 | ZM | buy | $211.470 | long |
| 2020-06-02 16:07:53 | ZM | buy | $208.970 | long |
| 2020-06-02 16:08:31 | ZM | sell | $212.000 | long |
| 2020-06-02 16:08:44 | ZM | sell | $211.490 | long |
| 2020-06-02 16:09:07 | ZM | sell | $213.210 | 0 |
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