earnings beat of 189% selloff. On the 4H chart the trend down has reversed
and the ZL MACD is confirmatory. Price has bounced off the lower Bollinger
bands as confirmed by the BB Oscillator. I will take a long trade here targeting
the 0.5 fib level in a retracement of the trend down ( 39.95) with the stop loss
at the pivot low of the Friday morning open. U could easily bounce back up to
its per-earnings trading range in the upcoming week. ( See also PANW)
and the ZL MACD is confirmatory. Price has bounced off the lower Bollinger
bands as confirmed by the BB Oscillator. I will take a long trade here targeting
the 0.5 fib level in a retracement of the trend down ( 39.95) with the stop loss
at the pivot low of the Friday morning open. U could easily bounce back up to
its per-earnings trading range in the upcoming week. ( See also PANW)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.