Looking to go long on Z1P due to the fact that:
1. We have seen 5 consecutive closes above the 200 day MA
2. Last trading day closed above the 50 day MA
3. Volume over the 50 day MA
Setting my Stop Loss @ 3.20 (SAR) to give it room to grow. Will be using a trailing Stop Loss for this entry, however i do believe this stock can rise back to all time highs relatively fast.
1. We have seen 5 consecutive closes above the 200 day MA
2. Last trading day closed above the 50 day MA
3. Volume over the 50 day MA
Setting my Stop Loss @ 3.20 (SAR) to give it room to grow. Will be using a trailing Stop Loss for this entry, however i do believe this stock can rise back to all time highs relatively fast.