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.
Zoom bullish channel setup confirms for a bigger impulsive wave. EW and Fibs.
IF it will be opening with green candle price will growing up from .5 fibo support IF not price come back from .6 and growing up in the channel .
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.
Let's wait for a good signal to push.
ZM em único candle chegou na ponta C e Na ponta D, próximo movimento deveria chegar na ponta E