Myantman101

Short Term Decline But Long Term Success

NASDAQ:ZM   ZOOM VIDEO COMMUNICATIONS INC
From a fundamental standpoint, with Covid causing people to work from home, and social distancing from family, Zoom is a popular choice for video messaging/conferencing. Long term I see Zoom increasing in value as the work from home trend will not be going away any time soon, even if there is a Covid vaccine or treatment with 100% effectiveness. From a technical stand point for the short term, I see Zoom dropping as it is overbought as indicated by the RSI . On the 45min chart, ZM has an RSI of 75. However the MACD still shows room for growth so Monday might be a good buy in point for those who would like to short the short term decline. There are sell signals coming from Divergence+ and Bollnger bands are close to crossing setting off another sell signal. I will be buying in Monday to put Zoom short term. Will hold the position no longer than a couple weeks. The position I will be most likely buying is $455 a share by 12/18.

What are your thoughts on Zoom? Comment below & give a like if you agree with this analysis.

Comments

ZM - Looks like time to buy
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Myantman101 Angelik30
@Angelik30, My goodness yes! I'll have to do an analysis tonight. Shoot me a PM as a reminder. This will be good!
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Good point
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