I am drawing 24 1/2 stop point for ZONA is purely from angle line's
theory, which is simply means that top will be formed for underperforming stocks (smaller from 45 degrees) plus option strike
price is 25. I found this top is reasonably good indicator. Of course
if time goes on then top point also increases. But in ZONA's case,
I am more inclined that it is option driven and MM's action.
One could check many stocks that after touch 45 angle line, it goes
done, DWRX, NSPK, BEAS ...
I hope I am not influence any of you guys decision regarding the ZONA,
however, I sure plan to short the sucker once I get some money out of
other shorts covered.
Wish DWRX, NSPK, ZITL, RAYS, BFIT all down 1 point.
good luck to all |
