Waiting for triangle to break out Long

Zuora, Inc.NYSE

Description

⋅ Jan 26, 2024 7:16 PM

My favorite triangle pattern emerging in ZUO. Waiting for triangle to break out.

Option A: it might break out now
Option B: it may fall down a little, break the bottom support and then break out the triangle upwards.

Either ways, looking for a short term target of around $12

Triangle

Comments

bigoyal

⋅ Apr 24, 2024 5:59 PM

And it seems to be hitting right on spot with option B

bigoyal

⋅ Feb 7, 2024 7:30 PM

Option A didn't happen. Waiting for a breakout at the bottom (around $7). Once it bounce from that level, could be a good buy for short term target of of around $8.50, and then a possible breakout.