After gapping up by a huge $120 dollars on August 31, ZM has come down to Earth. It finally found resistance at the horizontal support line (in the 344 range.) It has entered back into its ascending channel, and since the two parallel trendlines are very close together, expect predictable price movements. The RSI has just bounced at its horizontal support line as...
Technical Analysis of $BA plus this week's option play. Zoom says added over 100 features as part of 90-day security plan What we are looking for: Breakout & hold from $262; These last few waves have been consistantly $20 per leg, looking for $279 next. Retest of $254 providing a great entry, then breakout of $262 The Play: $280 Call 7/17 @ $410...
targets are set in the chart based on fib retracement. We are on MA50 in daily chart which was support so far. all valid if we do not break the channel and stay above that new strong support
It seems that we have got the right signal to buy (just based on Technical Analysis