Bought 1000 shares of ZUO @ $10.22
- I have been following this stock since the drop from it's last quarter's earning report. It is a subscription company that I think it would be benefited from the COVID and move forward.
- I added 1000 shares today so the total position is ~$30k
- On the weekly chart, the 3 days MA is crossing the 5 days MA
- On the 240 min chart, both the 3 days and 5 days MA is above the 20 days MA
- On the hourly chart, looks like all MAs are converging
- On the 15 min chart, bought it at the pull back
- Stop loss: Set to the recent lower @ $9.86, ~3.5%, estimate loss is ~$360
- Trailing stop set at the weekly ATR, 1.59 pts, ~19%
- I didn't set profit exit because I think the upside potential is big. I want to ride it through the next earning report
- The next profit at the resistance is at $13.59, 2.37pts, estimate $3,370 profit
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