ZM - Looking for Sign of Support level on IPO price
ZM after its big pump since IPO - has been fallen, and now back to its debut.
Usually a support level will be formed around IPO price and hopefully a bounce will be seen up to its next resistance level.
Waiting for a sign of bottoming around the IPO price, and set up long positions with stop-loss at the bottom around 60, aim for higher price around 73 to 76.
Risk Reward Ratio should be greater than 3X if we can grab the chance in the next week or two..
Usually a support level will be formed around IPO price and hopefully a bounce will be seen up to its next resistance level.
Waiting for a sign of bottoming around the IPO price, and set up long positions with stop-loss at the bottom around 60, aim for higher price around 73 to 76.
Risk Reward Ratio should be greater than 3X if we can grab the chance in the next week or two..
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Bottom sign forming..
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Nice Pop
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Holding until 76 as planened~
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So far so good, holding.
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Another chance here to enter some long position at the double bottom + pullback setup.