This trade set up was mapped out last weekend here on Tradingview and on our blog as well. The break of $140 support on Monday's trading session and close below it ultimately was the giveaway to look for buyers to come in at the next support levels.
The pullback this week took Z to as low as the $124 support area on the chart on Thursday morning.
Buyers swept in and the stock bounced back up towards the previous support area at $130, closing just above it for the week at $131.18. It remains to be seen how the stock will perform going into next week.
For more, please refer to our blog post dated 07/12/2014: syncubate.com/blog/2014/7/12/success-plan-your-trade-respect-your-plan
The pullback this week took Z to as low as the $124 support area on the chart on Thursday morning.
Buyers swept in and the stock bounced back up towards the previous support area at $130, closing just above it for the week at $131.18. It remains to be seen how the stock will perform going into next week.
For more, please refer to our blog post dated 07/12/2014: syncubate.com/blog/2014/7/12/success-plan-your-trade-respect-your-plan
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