On May 30 I had purchased 1,000 shares of Zenabis Global Inc (ZBISF) at close at $1.255 per share. Why? To test my ideas for an “After Work” Swing Trading System. I believe the price could rise to the Resistance level around $1.49-$1.50. I’d sell at $1.45 to $1.47.
More immediate Resistance is at around $1.35. If the price moves up above $1.35 then it could head to the next Resistance and I will get out at $1.45-$1.47. Making 20 Cents per share on a stock trade is not a big deal. The key is to see if the system can find a stock worth buying. If it works then you take the 20 Cents (only as an example) and rinse and repeat.
Stock Chart of ZBISF – Zenabis Global Inc. Chart created using AmiBroker.
Disclaimer: This post is not meant as Investment Advice, nor is it advice to buy or sell any shares in any company.. Do your own Due Diligence. Seek out the advice of your own financial and investment advisors before risking any funds in the Stock or Futures Markets. You can lose money and even all of it when investing at the Stock Market Casinos. This post is for my own educational purposes.
Posted by: Vincent Banial