The bulls returned today with a vengeance. Prices held above POC throughout the majority of todays trading session. Waiting until 15m to close to see if we get a massive end of the day dump (it is a Friday before a presidential debate, after all!), otherwise looking to close my present short. At these levels and volume, it seems likely we'll retest $525-530 highs. This would give us a double top -- combined with declining daily RSI from highs and time decay (when will vaccine be available/when will Zoom fall the floor), this would certainly create an even more optimal positioning for shorting. If we're VERY lucky, the bulls will take this stock up even higher, although, with declining momentum this seems like a challenge. Will evaluate in 1hr.
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Nice volume this AM. Buyers in control above 514. Interesting trading patterns developing. Hit that hard wall of resistance at 519. Wait and see for next 45m-1hr. I'm good going long as a day trade or re-opening short position (RSI divergence on daily remains).
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Looking for a bounce off 506 to take us up to 520 retest.
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LONG day trade opened @ 498.
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Target 520.