Shared by
spyrosz
Fundamentals out of this world: LPS, Forward P/E > 300, P/S > 50
"Double Top" at $375 after ER #s, followed by a quick $100 drop to $280. Held $280 and staged a bounce.
Rallied into confluence of resistance=$333, probably some still trapped at higher prices.
-- Got short filler size, risking partial stop $343, full stop 361
-- added Tier 0, once I saw the clear rejection of the resistance to the penny the following day, seller in control the whole session
-- 1st Target $300s, $280 will get flat
That worked out so quickly and in such extend that it felt I had to chase to add more. I would like to be short more here:/
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-12-27 09:36:02 | ZS | sell | $331.500 | short |
| 2021-12-28 09:35:54 | ZS | sell | $327.955 | short |
| 2022-01-04 10:22:26 | ZS | buy | $285.772 | short |
| 2022-01-04 13:14:49 | ZS | buy | $272.690 | short |
| 2022-01-06 10:11:01 | ZS | buy | $252.640 | 0 |
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