ZOOM Short
Updated
Break of the confirmed long term trend line; watching the retest and chop of the level. 50-EMA acting as support on the Daily, break below which would give strong confirmation of continued downtrend.
Overall the stock has bearish fundamentals and bearish momentum. I would not look for a reversal and push upwards. At best ZM might trade side-ways at this level.
Target 1 = $100
Target 2 = $75
Overall the stock has bearish fundamentals and bearish momentum. I would not look for a reversal and push upwards. At best ZM might trade side-ways at this level.
Target 1 = $100
Target 2 = $75
Note
Correction: Target 2 = $85,( which might be a better valuation of the company's future earnings or at least more agreeable)
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.