Zoom missed its earnings target, which caused the recent drop in share price. The drop didn't go all the way, it stopped right on the ascending trend line.
In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in price.
Consider Resistance 1 and Resistance 2 as the main targets, but feel free to determine your own targets.
In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in price.
Consider Resistance 1 and Resistance 2 as the main targets, but feel free to determine your own targets.
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🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.