Get started

Zoomvideo

Be Aware of Overvalued Stocks Running-Up due to COVID-19Hello traders! This idea is pertaining not only to Zoom Video but also stocks like Peloton and to some extent Netflix, although not to the same impact as the aforementioned two. We have seen a handful of stocks run up as "staying at home" is the new normal for now, however, for those who have lavished in the profit from stocks like Peloton and Zoom Video, it is time to slowly think about profit taking over the next 1 or 2 weeks. Once the virus eventually subsides, or at-least, some news starts getting better, these stocks will sharply drop especially when considering the extreme valuation. - zSplit
NASDAQ:ZM
by PaulDeep19131
10
ZOOM (ZM) Breakout amidst Covid19 CrisisZoom Video stock went up sharply for a couple of months after its IPO in april early last year, then consolidated for a long time. But the video conferencing software maker was delivering huge earnings and revenue growth. Zoom Video stock bottomed last October and really took off at the start of 2020, well before the coronavirus stock market crash. As the coronavirus spread drives a massive shift to work-at-home, Zoom Video is getting a huge number of customers that may stay long after people start to resume normal work habits. Between mid Feb to mid March, it was consolidating between $105-$120 for a month. It did 2 breakouts and finally broke out of its $122 resistance level and now is at approximately $160. I think a retracement might be coming soon but that said, i think Zoom Video will overall do well especially if Covid19 continues. Zoom Video stock surged 22% to a fresh all-time high Monday.
NASDAQ:ZMLong
by Trader_hao