What happened to my Zoom ?About a year or so when everyone were stuck at home, the one thing you heard often is I got zoom meeting. Even schools conduct their class lesson for their students via Zoom. It became a household brand world wide.
But with more Covid cases registered globally and now the Omicron variant emerged, what happened to this darling stock?
It has fallen almost 70% from its peak at 22 dollars. Will it ever revisit its glory days again ?
We can see that many offices are already adjusting their work environment where workers can work full time from home thus Zoom facilities are still much needed. Some employers are employing a hybrid model whereby 50% return to office and the other 50% work from home.
I believe if you are convinced about the prospect of Zoom services for the years to come , regardless if a FULL CURE can ever be discovered, then this stock will have its chance to bounce back again. I leave it to you to review its fundamental aspects of the company.
It is still premature to go long now as you can see from the weekly chart that selling is not completed yet.
So, be patient and wait for 6.05 support level before deciding to go long ......
