TAKE PARTIAL PROFITS ON ZOOM VIDEO AND CHANGE THE STOPS
Zoom Video (ZM) was sold short at $445.61. Target zones and stop zones are given in advance when an entry signal is given. ZM fell as low as $394.57 the day after ZM stock was sold short. The upper band of the target zone was $392.
What To Do Now
The stock has bounced. Those who have not taken at least partial profits may consider taking partial profits in the zone of $406 to $418.52. ZM is trading at $415.07 as of this writing. Consider changing the stops on the rest to the zone of $331.61 to $333.88.
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December 3, 2020