Hello traders,
Z is priming real nice...We have a break out of the trend line, we're up above the 20 & 50 MA's, they killed earnings a few days ago, spike in volume...Just everything looks good to me...I am looking for retest of the trend line before making an entry...If it fails then I do see this dropping down $45ish area for a retest of support, BUT if it holds the trend line retest then I see this going to price target 1 to fill GAP at the $87ish level...Happy Trading !!!!!!
Z is priming real nice...We have a break out of the trend line, we're up above the 20 & 50 MA's, they killed earnings a few days ago, spike in volume...Just everything looks good to me...I am looking for retest of the trend line before making an entry...If it fails then I do see this dropping down $45ish area for a retest of support, BUT if it holds the trend line retest then I see this going to price target 1 to fill GAP at the $87ish level...Happy Trading !!!!!!