ZEE - A short candidate irrespective of UPTREND
Updated
1.Economic Times published ZEEL results today - Net Profit plunges by 95%. Advertisement revenues drop by 64%. Despite the increase in viewership across mediums, monetization was weak.
2. Change of leadership at top management level.
This is a story on fundamental level. Should these news, prompt the stock to propel upwards??? Any Fundamental analysts ...? please comment.
Surprisingly, The stock has still rallied today above 12.5% today. A clear Overbought condition presented by RSI.
The same indicator suggests the stock will fall below 140. This may not be possible in this month, but one should avoid accumulating this stock and should go short for a healthy profit.
Note: The above view on ZEEL is for education only. Please refer your financial advisor before taking any position.
2. Change of leadership at top management level.
This is a story on fundamental level. Should these news, prompt the stock to propel upwards??? Any Fundamental analysts ...? please comment.
Surprisingly, The stock has still rallied today above 12.5% today. A clear Overbought condition presented by RSI.
The same indicator suggests the stock will fall below 140. This may not be possible in this month, but one should avoid accumulating this stock and should go short for a healthy profit.
Note: The above view on ZEEL is for education only. Please refer your financial advisor before taking any position.
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