ZOOM (“Dig the well before you are thirsty.”)
View on ZOOM (24 Sept 2020)
It was one "moon shot" counter that rose tremendously in the past few months.
It is still in the Healthily Up trend but it is just getting expensive at this moment in my opinions.
And given the current Risk-Off situation, we can expect a little pull back (or) shakeout in this counter.
It shall go to $460 or even as low as $400.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
It was one "moon shot" counter that rose tremendously in the past few months.
It is still in the Healthily Up trend but it is just getting expensive at this moment in my opinions.
And given the current Risk-Off situation, we can expect a little pull back (or) shakeout in this counter.
It shall go to $460 or even as low as $400.
DYODD, all the best and read the disclaimer too.
Feel Free to "Follow", press "LIKE" <or> "Comment".
Thank You!
Legal Risk Disclosure:
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite.
The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.
You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
DISCLAIMER:
Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice.
Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Comment:
Updated View on ZOOM (29 Sept 2020)
This counter tried to break the support of $460 and it has failed so far.
At the same time $500-$520 has become a strong resistant too.
I am expecting it might try to retouch the $450-$460 region.
If it is broken (IF), it can go back as low as $400.
This counter tried to break the support of $460 and it has failed so far.
At the same time $500-$520 has become a strong resistant too.
I am expecting it might try to retouch the $450-$460 region.
If it is broken (IF), it can go back as low as $400.
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We had a good sell down as we expected.
It touched the swing resistant of $460 and it failed to continue so.
So, we need to watch that level closely. Once $460, get broken again, it will be a good news for the BEARS.
Then it can go as low as $400.