Zooms trend to continue?
Updated
A few curves have found this. It's an exponential trend and at this point it looks like it will be moving big one way or another. No targets, just up (or down). I am inclined to be bullish for many reasons. It's a future grasping tech stock after all, with a revenue/earnings growth trend. At some point, all these far reaching PE ratios will make the market finchy, but until then, I'm sticking to this trend.
Note
As you can see though, if the market does sell off, there will be a strong support level at $277, which I would see as an opportunity for a new position. However, I think the market is going to rally after or maybe just before the election. Today, it looks to me that the market is showing some signs of potential for a turn around already and we might see Zoom trade side ways then up from here. The trend line isn't highly accurate, because price trended irregularly the last few months, after the last earning call. I saw it as best line of fit. Price now is $517.Note
I have looked at Zoom in a new way, via Log chart. it looks to be that it would bottom on a trend at $450Note
Check out my new Zoom idea. It's ready to go, just like the rest of the market! Let's make some money!
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