zoom video communicationBreaking the triangle and the type of company and the services it offers indicate its long position . NASDAQ:ZM
ZMD trade ideas
Zoom Stocks analysis!Hi every one
ZOOM VIDEO COMMUNICATIONS
this the chart of Zoom Video communications stocks! as you know zoom is a great communication platform with Video conference due to the pandemic which a lot of people had to work from home the zoom has become a very useful platform for a quite number of people,and since than the stocks has increased massively! but after 2020 passed the stocks has been decreasing and if we pay attention we can see a falling wedge pattern! there is also a regular bullish divergence (+RD) on MACD as well which suggests that the break out can happen soon! If It happens the price can reach It's ATH once again!
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ZM long ideaAfter a long downward sloping consolidation we have a breakout which we should see hit the gap AT LEAST which is at $460, then would be the .618 of the overall structure and eventually a retest of the ATH. Along with this you have classic bullish div on the MacD indicating buying pressure. I, personally, would take the position after capturing the .236 as support and placing SL under the recent swing forming. Best of luck and let me know your thoughts on this trade below, thanks!
$ZM with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $ZM after a Positive over reaction following its earnings release placing the stock in drift B
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$ZM Zoom Video $337 Key Resistance
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