ZM needs to hold $310-$320, Once Confirmed Will Go Long
Updated
ZM should find support at the .786 fib, daily candle shows it still has room to the $300 mark. We should see the ZM hype come back when schools start to announce big catalyst decisions regarding the continuance of stay at home learning or mandatory in school teaching. Easy to see down trend once vaccine rollout started but logistical issues with delivery's and lower than expected vaccinated numbers makes ZM a prime long call move.
Alert $320
Long Call Entry $310-315
Slow and steady wins the race on this one.
Alert $320
Long Call Entry $310-315
Slow and steady wins the race on this one.
Note
ZM had a faster and stronger reversal than expected. It surprised even the seasoned and professional traders. The UK shutdown catalyst today will push ZM in the short term and possible long term if the new Covid strain talk getting into the US picks up steam. Oh yeah, don't forget about the new south African covid strain in the news as of today.
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