Hubert Senters here.
Let’s take a look at once again Zoom. We’ve had two or three videos back to back. It’s working so let’s continue talking about it. So in this situation we were talking about our target. Yesterday, it was hit around $527-ish and we thought we might get a little pullback here at the $457 to $441 area.
So I like to do these trades. It’s called an ambush where I’m basically bidding one tick inside that one trend so it would be $457.84 bidding long there. Now, I have a stop at $441. That’s a big stop at Zoom right now. And then my my first target would be up here at the most recent high at $527.
I hope that helps you. Also keep an eye to what the overall markets are doing because this is a Nasdaq stock. If the Nasdaq bounces usually this is our words. If you can get this market right at here then you can get a market proxy stock luck Zoom which trades to the Nasdaq.
Then if the Nasdaq bounces up it will probably bounce up. It’s not always true but it’s a good thing to always take a look at the overall big index that your equity is a component of.
Good luck. Hope it helps. See you on the next video.
Hubert.
