ZM Long from price 59ZM is looking perfect on the weekly chart. Target is huge and will surprise any day by showing a gap up of 30% in the coming trading sessions. Wait for price to test 59 and hold for long target short term will be 86 Long term target one can trail keeping a 2% low on weekly closure low. Long term target price will pause around 100 on crossing with good candle above 125 target expected is 260. Sl for short and long term from the above price will be 53 or trail on upside movement.
ZMD trade ideas
ZooooooomZoom fundamentally good company with too good daily usage named brand. Earnings have been constant throughout and we can expect some growth now as company has laid off some guys with the herd giants like google and Facebook.. Just matter of time with very large RR and can expect good return.
Zoom Communications Weekly AnalysisZoom Communications has been engaged in video communication platform powering chat, workspaces etc and serving finance, education etc. It was at the top of the value during 2020 oct and since then has been going down with the value. We see an alternate analysis and the current downtrend seems changing after some time.
Side Effects of Corona Vaccine? Is this side effect of corona vaccine news? Zoom (#ZM) is down -17% Today.
Is the work from home and working at video conferencing time over?
This seems like perfect candidate and right level to short this stock?
Well, traders have to decide themselves as per their risk apatite.