Zoom Short Term Perspective 180/200 Rejection

Zoom is eyeing to climb to 200 psychological level with a bearish flag and bearish divergence.

Trade with cautionary SL (7pts down) as two key profit-taking zones are approaching 180 and 200.

Yorum:

Zoom on weekly, notice post mid-May bearish candle, the next ATH is just +15%.

This is the bearish outlook and I expect healthy profit-taking and sell-off either at 180 or 200.

Yorum:

Attempting short with consolidation and a pullback to 170 and in a longer run 130s or lower. Note that it prints a new ATH. It may surge so I expect first SL to protect and short the next rise. Break below 200 will resume a pullback.