Long
ZEN - 14.8% Potential Profit - Uptrend Corridor
A trade to approach carefully since indicators might neutralize the theory to go long.
However, the upsides might be well worth the risk.
Clear uptrend corridor with Support and Resistance confirmed multiple times over the past 4 months. However, a large red candle due to earnings.
- Historical uptrend
- RSI below 50 + Stoch above 50
- MACD below Signal.
Suggested Entry $91.5
Suggested Stop Loss $90.11
Target price $102
However, the upsides might be well worth the risk.
Clear uptrend corridor with Support and Resistance confirmed multiple times over the past 4 months. However, a large red candle due to earnings.
- Historical uptrend
- RSI below 50 + Stoch above 50
- MACD below Signal.
Suggested Entry $91.5
Suggested Stop Loss $90.11
Target price $102
Trade closed: stop reached
-1.58%
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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.
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.