Behaves much better after latest ER report.
-- Reclaimed $94 daily support pivot,
-- Reclaimed all the major MAs@daily/weekly charts, esp. the 9SMA@weekly which was constantly rejecting from 08/09/2021!! It managed to break above it, back-tested it and held higher.
-- Significant relative strength for a tech name vs overall market, esp. Qs
3wk consolidation below 20SMA@weekly=$113 resistance, it was looking ready for the push.
Premarket plan was to get "long" only if it managed to break above $113 on volume, risking tight stop LOD or below the support pivot, thinking $120 on deck.
Played per plan. Opened below $113, broke higher on RVOL>100%,
Got long WRONG (too much/excess) size at the pullback to $113, risking 50% below $112, rest at LOD=$111. Quickly sold-off excess size at the pop to HOD, held proper size, same stops.
Took only 1/3 at $117s, held rest for target $120s.
Behavior changed, too weak for rest of day, gave the whole morning back.
Re-loaded the 1/3 sold at $117 back in-front of $113, tightening stop for whole size at $112.4s, expecting either to pop or get stopped-out and get done with it.
Sold 2/3 into VWAP, held remaining 1/3 with tight stop $112.4s as a small "swing".
06-22-2022
Sold small at b/e during the opening pop, and immediately put stop for remaining at opening print=$111.7.
Sold bulk towards $120 target. Trailing stop got hit for last small trailer below $115.5.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-06-21 09:56:45 | ZM | buy | $113.150 | long |
2022-06-21 09:56:45 | ZM | buy | $113.150 | long |
2022-06-21 09:57:25 | ZM | sell | $113.600 | long |
2022-06-21 09:57:25 | ZM | sell | $113.600 | long |
2022-06-21 09:57:54 | ZM | sell | $114.180 | long |
2022-06-21 09:57:54 | ZM | sell | $114.180 | long |
2022-06-21 09:57:54 | ZM | sell | $114.180 | long |
2022-06-21 10:58:47 | ZM | sell | $116.820 | long |
2022-06-21 14:14:48 | ZM | buy | $113.110 | long |
2022-06-21 14:40:11 | ZM | sell | $113.940 | long |
2022-06-21 15:13:23 | ZM | sell | $114.350 | long |
2022-06-21 15:48:29 | ZM | sell | $113.720 | long |
2022-06-21 15:48:31 | ZM | sell | $113.720 | long |
2022-06-22 09:31:05 | ZM | sell | $112.710 | long |
2022-06-22 09:34:31 | ZM | sell | $114.950 | long |
2022-06-22 09:59:43 | ZM | sell | $117.900 | long |
2022-06-22 10:15:18 | ZM | sell | $118.920 | long |
2022-06-22 12:09:44 | ZM | sell | $115.390 | 0 |
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