Having ended last week with a nice little short on ZM, this week started with the same stock but in the other direction. The trade was perfectly signaled, and more than twice as profitable as last week’s. Here’s the chart:
The exit on this one came when it failed to push higher.
There was a valid second entry a bit later after it bounced off the EMA, which could have added a couple of hundred dollars or so to the pot, but I was off watching other things by then.
All in all, a classic example of taking the easy middle from a sizeable move. Always nice to begin the week with an easy one.