ZHI : A Case Study

Fool me once, shame on you...

Fool me twice.. shame on me...

I wonder what rumor they unleashed on the markets this time.

The Ceiling Season...

Has it come?

ZHI's recent move reminds me of the good old days...

I remember this stock being 2011's "Mountain King"

The strongest GREEN on the sea of RED.

The Charts below, I post as a Swing Trader.

Caveat.

Dear Students, Read, Analyze, Digest.

Setting Tight Stops

Post Update

1.23.2013

Post Update

1.31.2013

ZHI Chart 1.31.2013
(Market Not yet closed)

Post Update

2.23.2013

The Aftermath...

Possible Bounce in the coming days.

Such is the cycle.
Techs don't lie.

Fibonacci ZF Style

Just look at that smug look!

I'm sure he'd be raking in all that moolah if he was still alive.

Anyways...

As a Momentum/Position Trader,

This is how I look at those Fibonacci Retracements on Charts

Click Images To Enlarge.

Shaded Green is Bull Territory - As long as 38% Fibo holds, 

Expect your money to make MORE money.

Shaded Yellow is a Tug of War between Bulls and Bears. 

The area between 38-50 is sideways with Bullish Bias, 

While the area between 50-61 is sideways with Bearish Tendencies.

This area could also be seen as accumulation/dumping level - take your pick.

Shaded Red is Bear Territory. You don't want to be treading within these waters. 

Unless you're here for the bounce.

Shaded Brown - 6 Feet Deep. Rest In Pieces.