Zoom 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.
Probable Trendline Breakout to fill the gap formed in the past year 2022 95-85 level
85-89 may be a supply area which may be later taken out by the bulls after retracement
Zoom 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.
I think ZM is already finished its correction period and now ready to move up to 78-800
Which is a fibonacci confluence area with 4.236 extension from 2019 decline
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.
