As most of you may know, we've been monitoring ZOM over our Pre-Market and Saturday Coffee & Stocks Sessions, and we've been waiting for confirmation that the stock can break back above the $2.12 Price Levels. We will be placing a position on the trade at the $2.12 Entry Level and looking for a minimum 10% Swing while the stock shows momentum of potential finding support above those $2.12 Current Levels of Resistance. We will be looking to retest the $2.35 next to achieve that minimum $2.35 Levels of resistance next and then potentially moving higher back to those $2.91 Levels of Resistance for a potential 40% Swing on the Trade overall as long as the trade meets our expectations. #Breakout #Stocks #Trading #Investing #Alerts #StockMarket #Daily #News #Today
Sorry, new to all of this. What's the timeframe you think to get to $2.35 - is it the middle of March based on the chart? Just wanting to make sure it's not something you think is happening over the next couple of hours. Thanks.
MyMIWallet
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Hey sorry guys, I've been all over the place and just now seeing these comments.
To answer your first question, we're looking into Mid-Mar, Early April
Second question, @qdawgg17 was correct, that's 10.88% Potential Gains on the short-end trade back to $2.35, and potential 40% going back to $2.91 if we find support above $2.35 moving forward
Johnny56231
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You think the stock will go to $10?
qdawgg17
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@Johnny56231, - I believe the potential gain would be 10.8%