Here’s a ZS day trade.
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ZS was a leadership stock in a strong group. It had rallied hard the first three months of the year and then settled into a range. A breakout at 70 was playable. So was a dip within the range.
The next day the stock opened strong and immediately rallied about 3 bucks. If you weren’t comfortable chasing so early in the day, you may have thought you missed it. But zooming in with the 15-min chart reveals a low risk entry at 69 – a previous resistance level and the location of the 21-EMA. The stock then ran up 5 bucks. Very clean trade. You only need to do this once/week to make a living trading.
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