I found a bullish TK cross on $ZEN, the trailing line is above price action and green bullish cloud ahead on 1 day candle chart.
$ZEN missed on earnings but had a solid rally the day after earnings was announced.
Will be looking to enter a trade next week with tight stop.
PT $170 short term
let me know what you think. I think the RSI sentiment is definitely bullish, and crossing of ATH would be a good indicator of a continuing trend.
Im trying to learn so yeah, any feedback would be great
A trade to approach carefully since indicators might neutralize the theory to go long.
However, the upsides might be well worth the risk.
Clear uptrend corridor with Support and Resistance confirmed multiple times over the past 4 months. However, a large red candle due to earnings.
- Historical uptrend
- RSI below 50 + Stoch above 50
- MACD below...
$ZEN is hitting the pivot to breakout. needs to hold above to get in. watch out for a breakout.
12 months Consensus Price Target: $94.10
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Please don't trade according to the ideas, rely on your own knowledge.
Contextual immersion trading strategy idea.
Zendesk, Inc., a software development company, provides software as a service solutions for organizations.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $84,48;
ZENDESK will announce its corporate results after the bell today.
It's a good idea to sell 2 put options with $65 Strike Price and expiration date on 15th of May 2020.
So we have a -15% distance loss and if the price is above $65 at expiration we will receive Premium around $170. But if it falls below, we will be able to buy the 200 shares at a lower price as...