Hey guys,
I wasn't paying attention to this stock as it was hyping up to record highs. I didn't really pay any attention to it, until I noticed it had a laughable P.E. ratio of over 1400. Now I am paying attention! I see a big bear candle on the weekly, a bearish divergence on the RSI on multiple time frames, and now am waiting for a retest of previous levels so I can enter a short, or buy some puts. Oh, there is also a bunch of negative PR on this stock as well, not that it really means anything. I just believe that Google and Microsoft could implement what Zoom is doing with little effort, and probably do it better (and with better security). I will be shocked if Zoom is around in 5 to 10 years, unless they get bought out by a bigger company. Anyways, let's short this down to a more realistic P.E. ratio. Happy trading guys!
I wasn't paying attention to this stock as it was hyping up to record highs. I didn't really pay any attention to it, until I noticed it had a laughable P.E. ratio of over 1400. Now I am paying attention! I see a big bear candle on the weekly, a bearish divergence on the RSI on multiple time frames, and now am waiting for a retest of previous levels so I can enter a short, or buy some puts. Oh, there is also a bunch of negative PR on this stock as well, not that it really means anything. I just believe that Google and Microsoft could implement what Zoom is doing with little effort, and probably do it better (and with better security). I will be shocked if Zoom is around in 5 to 10 years, unless they get bought out by a bigger company. Anyways, let's short this down to a more realistic P.E. ratio. Happy trading guys!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.