ZM Trade on Apr 13, 2021 12:06 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Yesterday looked like it was going to roll-over towards $307, but held. Today, gapped higher premarket on J&J vaccine news, reclaiming 9&

20SMA@daily
.

Thru R1=daily resistance pivot/inflection point=$332 and could easily see R2=major daily resistance level=$339. Above R2, next major daily resistance at R3=$355.

Opened strong (RVOL>1.2) and moved quickly thru R1=$332. Didn't want to FOMO-buy the break-out in a weak/broken momo stock, so I sat tight, and put bids $332-333.2 area hoping for a pullback.

Which I got mid-session. Bid didn't get hit at the 1st flush thru VWAP to R1=$332 for 10c:/, so after higher low in-front of R1 and VWAP remount,

got long Tier 0, risking below R1=$332, expecting retest of HOD.

Amazing 2nd leg higher. Realized the strong tape, so sold small in-front R2=$339, holding size for higher prices. Offered more $340+.

Holding about 20% of size as swing long, target $350+, stop $33, as:
-- green on the name
-- sold more than 50% of size
-- very strong close at HOD, above R2=$339.
-- Nice Day I candle on increased volume.

image

Brutal rejection at the 9SMA@weekly chart (sitting at $344-345 area). Could have stopped out $2 higher, once it lost LOD.
image


Execution detail:

Date/time Symbol Side Price Position
2021-04-13 12:06:47 ZM buy $334.050 long
2021-04-13 12:12:10 ZM buy $333.960 long
2021-04-13 12:36:02 ZM sell $336.490 long
2021-04-13 12:46:53 ZM sell $338.280 long
2021-04-13 13:56:35 ZM sell $341.510 long
2021-04-13 15:31:18 ZM sell $341.690 long
2021-04-14 10:17:43 ZM sell $336.200 0


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