Week 36: ZSX 20202 let's do the counter trend!Bullish week for ZSX 2020, the resistance level was breached and no sign of slowing down.
When everyone is having bullish reading, it is a good opportunity for us to Short.
I would split my call today into two sections:
If you are a scalper and speculator, now or today is a good time for you to LONG ZSX 2020.
Not much upside, but you can do a "quicky" as follows:
Buy at market which is now around $964.50
Take Profit at $975 area
Stop Loss at $960
And here is my calculated trade opinion on ZSX 2020:
Sell Limit at $975
Stop Loss at $985
Take Profit at $960
Risk Reward Ratio = 1.4R
Disclaimer :
The analysis above for educational purposes only, I do not responsible for your losses. Please adjust your own lot sizing according to your appetite.
If you are benefiting from my trade opinion, please buy me coffee .
As always, move your SL when you are in the profit zone.