Z to 128: elevator or stairs?
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Long Z targeting 128 at the 2.618 extension of a two-year base. Presently sitting above 1.618 extension successfully crossed last week. In the next week or so we should likely have an answer as to whether the steep climb started from the July breakout continues, or whether the two year trend starting in Nov '18 proves to have more gravity.
Exiting if Z closes below the two-year trend and below the 21ma.
Exiting if Z closes below the two-year trend and below the 21ma.
Nota
So far, elevator...Nota
Base touch on the 21ma yesterday and today. Will consider taking some off this position if the 21ma is lost at the close any point this week.Nota
Getting pretty squinty with the price action on Z and broader markets. Has pushed down around 3% below the 21ma at the time of this comment; will take half off towards the close without a strong intraday bounce.Nota
Stop set at 98.50 to exit half the position. Eyeing up the 100 level as potential point of polarity on the 65m chart, protecting against a bounce off 100 to the downside in the short term.Dagangan aktif
Stop hit mid-afternoon, half out. Plan to be fully out at 89, fully re-deployed at 103.Nota
Still in decent shape, touched the 50ma right around 90, above the 1.618 fib. Still letting my half position ride.Dagangan aktif
Adjusted the plan and added some back here around 91.50 with this action off the fib.Nota
Not much to hate about a 9% up dayNota
Z SMASH EARNINGSNota
Stop set at 106 to exit half. Been a wild ride the last week. Quite optimistic since Z is back trading inside the earnings gap and there's very little volume at these levels, but guarding against another swift move to the downside if the tech rally falls apart.Dagangan aktif
Stop hit at 106.New stop set for remainder of position at 104.
Nota
Caught a bounce at 105 but looks brittle. Stop moved up to 106 for the remainderDagangan ditutup: hentian tercapai
On the sidelines until this settles. decent W
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