ZOOM Video Communication - Short term - GO SHORT
Short Term go short
Long Term go long but wait for the right signal - Bullish Market on 1h, 4h or daily chart
Fundamental Analysis:
Facebook Issued Meet video conferencing free to all users, challenging Zoom.
Zoom Does not have 300M Daily participants but 300M people attending the meetings meaning that if a user has 10 Zoom meetings a day, that would count as 10 participants.
Zoom is also competing with technology heavyweights including Microsoft's Teams, Cisco's Webex and Alphabet's Google Meet.
Yesterday, during its earnings call, Microsoft claimed that Teams has over 75 million daily active users. Google Meet, on the other hand, says it is is gaining 3 million DAUs every day and topped the 100 million-mark in terms of meeting participants.
Long Term go long but wait for the right signal - Bullish Market on 1h, 4h or daily chart
Fundamental Analysis:
Facebook Issued Meet video conferencing free to all users, challenging Zoom.
Zoom Does not have 300M Daily participants but 300M people attending the meetings meaning that if a user has 10 Zoom meetings a day, that would count as 10 participants.
Zoom is also competing with technology heavyweights including Microsoft's Teams, Cisco's Webex and Alphabet's Google Meet.
Yesterday, during its earnings call, Microsoft claimed that Teams has over 75 million daily active users. Google Meet, on the other hand, says it is is gaining 3 million DAUs every day and topped the 100 million-mark in terms of meeting participants.
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