Price closed at the upper end of its 3 month trading range after making a double bottom. The most recent close tested the descending trend line and closed above the 1 fibonacci level.
ADX is sloping up and the Force Index 3, 13 are both positive.
Watching for price to hold above 1.94 and close outside of the descending (weekly) trend line for a long swing...
Pupm&Dump trading strategy idea.
$ZY is rising too much today.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price today.
So I opened a short position from $9,14;
stop-loss — $9,58;
take-profit — $8,26.
Do not view this idea as a recommendation for trading or investing. It is...
Zymergen, Inc. engages in the design, development, and commercialization of bio-based products. Its products include electronic films, repellent products, and agriculture products such as traditional synthetic nitrogen fertilizers and traditional chemical-based crop protection products. The company was founded by Zachariah Serber, Jed Dean and Joshua J. Hoffman in 2013 and is headquartered in Emeryville, CA.
NASDAQ
