ZOOM 70 % rally coming
Updated
ZOOM remains bearish.
Last week we had both bearish engulfing weekly and monthly close.
We expect the downtrend to continue and retest lows from 2019.
After that if we get bullish divergences, it may be the time to accumulate zoom stock.
If we break below previous all time lows, new lows may be coming as the price will enter the discovery mode to the downside therefore it´s important to set up the stop loss.
Entry, target and stop loss are shown in the chart.
Last week we had both bearish engulfing weekly and monthly close.
We expect the downtrend to continue and retest lows from 2019.
After that if we get bullish divergences, it may be the time to accumulate zoom stock.
If we break below previous all time lows, new lows may be coming as the price will enter the discovery mode to the downside therefore it´s important to set up the stop loss.
Entry, target and stop loss are shown in the chart.
Note
Good progress. Wait for the entryNote
Still expecting the price to reach our entry . The idea is still valid. Good progress so far. Patience required.Trade active
The price reaching close to our entry. Start DCAing now near to the key support may be a good idea.Note
Earning announcement next week. Expecting 1 more dump (retesting the key support once again) .Note
Support being respectedNote
still a good buy for a swing trade (mid-term and long-term)Note
Building a market structure. Looks bullishNote
Trading idea is still valid. Buy low, sell high.Note
Earnings on the 20th of May. Expecting a big move to the upsideNote
The price forming the bullish reversal pattern. The update here:
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