In last night’s video watch list, which I send to all ProphetAlerts.com subscribers nightly, I went over the potential ZLC trade and to look for a break over $3.00, notably $3.04. Although this trade gapped over the buy trigger, the set up was perfect and did exactly what I thought it would do.
ZLC broke the buy trigger at $3.04, and proceeded to move to a high of $3.66 today for a potential gain of 20.3%. Although I teach to not buy the stock during the first 15 minutes of the day, some subscribers did anyway and made some nice profits. I cannot officially record this as a watchlist winner, however, because it voided my own rules of not buying a gap over the buy trigger in the first 15 minutes of the trading session.
In any event, ZLC held the support trend line I had drawn a couple of weeks ago on our last successful ZLC trade and reversed nicely.
Mark this down as another (unofficial) win for ProphetAlerts.com subscribers!
Here is an excerpt of the ZLC trade setup from last night’s video watchlist:
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