ZM: What can we expect from ZOOM?On the daily chart, ZOOM looks very bullish. After the price was corrected we can clearly see a break out from a falling wedge pattern. Anyway, this is only the daily chart development and we have also to anticipate potential corrections along with the upward movement. A potential scenario that I am looking at, is that the price may complete a type of bullish triangle before moving higher again. The second scenario is that the price may retest the low again up to the previous major support zone near $283.
If the price break above $406 without completed any of these two scenarios we may see it move higher directed to our targets of $444 and $570.
Thank you and Good Luck!
