Buy opportunity: Zayo (channel up and oversold)

4 sept. 2018

NYSE:ZAYO reached the trend line of a parallel channel. As a result RSI and Stochastic RSI are in the oversold zone, and MACD will give buy signal soon.

Entry strategy: wait for bullish candle which cross above the 35 price level. Maybe we will need to wait a couple of days to see that confirmation candle on the chart.

TP: 37 (+5.7%)
SL: 33.75 (-3.5%)

6 sept. 2018

Note

Still waiting for a bullish candle which can cross the entry level.

18 sept. 2018

Transaction en cours

Price moved above entry level.

26 sept. 2018

Note

Let's hope that a nice double bottom is about to form on the daily chart.

14 oct. 2018

Trade fermée: ordre d’arrêt atteint

SL level reached.