past post about fundamentals:
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short term, the overvaluedness of ZITL does
not mean a bit to me at all. ZITL is overvalued
now with only one small contract. However, if
growth comes out as expected and ZITL sign on
more and more contract, ZITL will explode short
term for sure. value vs growth, all are relative.
IOM exploded growth first and overvalued for
long time. You would lose millions in shorting
IOM at that point. IOM truely tanked when
growth slowed. My point is: shoirties
underestimated IOM growth first and got hurt.
Later, longs overestimate the growth got hurt
recently too, anything is possible. I do not
intend now to predict who is right or wrong
fundamentally.
I play by chart strictly on ZITL without any
emotions attached. The speculative nature of
ZITL tells me that it is most safe to avoid
sticking either long nor short in ZITL faithful.
chart determines who is right or wrong. TA is
good for me, however, TA maybe not right for
you. You can read yourself whether MACD
breaks out or not.
I use long EMA 26, shorter EMA 12, signal 9.
MACD clearly showed a buy, I also checked by
using 18, 7, 19 as parameter, MACD showed a
stronger buy to me. the thing is that this is first
time MACD break out since ZITL tanked, and I
think it is significant.
Henry |
