ZI (Zoominfo Technologies) is a company that is willing to setup a continuation upside move. It was mentioned a few times and it didnt work as expected as it had no full triggers. At the moment its trying to set up with more clues confirming the potential move to the upside. Also we dont start the trade unless we have a trigger but reading the price action is very important at the moment as these new companies may move quickly with a great % return. The important pivot now is 44 mark that might be taken by the end of the week. Consider it as a breakout trade and use low of the b/o day as stop. The Volume should confirm the breakout.
For more ideas, market videos and analytics, sign up to our premium room: https://www.asktraders.com/stocks-live/
Remember: These are not trade recommendation to buy or sell securities. Always do your own due diligence and trade at your own risk.
Never risk more than 1% of equity per trade.