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Hit and Run Case Study: ZS

On Wednesday, I flagged a “Torpedo” long setup in ZS and called it as a buy on the Hit & Run private Twitter feed.

We nailed it for a quick $2.43 gain.

We got to double dip on Thursday as the same setup played out.

Once again, ZS spiked down at the open before rocketing up.

Thursday’s Opening Spike low was a test of Wednesday’s OS low, establishing a solid risk to reward entry.

This is why we took ZS long at $59.70 — and rode it for a $3.43 gain.

The lesson: don't be afraid to go back to the well.

When a stock is under accumulation, buyers repeatedly step into the fray, setting up repeat opportunities.

So never be afraid to get right back in a stock if a new setup appears.

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