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Gann-Elliott-Trader
Oct 19, 2021 11:29 AM

Reverse Swing Trade for Small Profits Long

Zoom Video Communications, Inc.NASDAQ

Description

#ZM seems to have touched its support zone between 250-60 level and seems to be reversing from here as seen on Hourly charts while Daily charts are still showing downtrend. This is a reverse swing trade to take advantage of small up swing for smaller profits and to test waters if Bulls are ready to take this stock higher or not.

Buy #ZM between 270-75 with SL 260 for targets 300-325-350 in next few days where it may get its resistance and that will be a good level to short this stock once again with good risk/reward.


For educational purpose only. All disclaimers apply.
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