Hey ZOM fans.
My trailing stop was stopped out at above 90 cents on the short. The 4-hour candle broke the trend line.
This is not a bad thing as a took a position long because the candle close and momentum all went long this afternoon.
As you can see from the 4hr chart it is looking good. The monthly is not as good as there could be a potential downside.
No target price yet. Stop loss in at 1.03. There are some major candles closes on the weekly at the range and I am using this as support which was a prior resistance point.
Cheers!
My trailing stop was stopped out at above 90 cents on the short. The 4-hour candle broke the trend line.
This is not a bad thing as a took a position long because the candle close and momentum all went long this afternoon.
As you can see from the 4hr chart it is looking good. The monthly is not as good as there could be a potential downside.
No target price yet. Stop loss in at 1.03. There are some major candles closes on the weekly at the range and I am using this as support which was a prior resistance point.
Cheers!
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The support line is still following downward. Kept position. It needs to bounce up soon and show strength. .64 cents is the next support based on the last major resistance when it was first an issued stock.