ZU bottoming and looks ready for retracement

20 3
ZU was beaten to downside from $73.3 right to low $40ish. After two green days with nice close near highs it looks poised to make a move higher to next resistance at $44ish then we have down trend line resistance at $46.80, stop below $40.70ish low of the day makes sence.
Short float 38% could add fuel to potential upside move.
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы.
Stock crashed on earning's EPS miss, new pivot point is $37.50. Will revisit above that for gap fill. That is why I don't hold stocks in fron of earnings, it is better to trade with options where your risk is premium paid.
ncie two days continuation up move. Taking off some progit from the table. Broke up of down trend line could lead this to low $50ish area. I don't want it to see below $44.25
Reached first target, i took off some here at $45ish. My new point of reference is $43.17, holding above for the next session or so could lead us to the next resistance
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