On 31 Aug 5pm EST , Zoom announced blowout earnings.( below pic ) . As expected, the price action next day on 1 Sept was a big gap up from 320 to 470 ( see above pic ) and lingered there between 430 & 460 throughout the day ( see below chart ) .
As the day draws to a close, we saw a topping pattern in both Zoom & Tesla very familiar to Snipers.
A freebee call to short both Zoom & Tesla via WhatsApp broadcast was given to freebee Snipers before US markets closed but i guess most freebees in our SGT timezone were asleep by then
Come next day 2 Sept at the opening bell, many freebees entered shorts into Zoom ( click here for that post ) . Zoom steadily plunged for consecutive 4 days without looking back from 440 to 346 .( see below pic )
When Zoom hit 347 last friday night , we noticed a bottoming pattern and alerted freebees to start closing their shorts to take profits.
Below is one brave freebee sharing his screenshot of his shorting results today.
We immediately told him to reel in his profits ( some $900k in all ) by closing his shorts & to go long as we expect Zoom to enjoy a steady fierce bounce pretty soon in this tech correction , when ? maybe tonight or tomorrow
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