Zoom - Bullish Bat

I must say, I'm a forex trader, not a stocks trader so do your own research. From the technical analysis standpoint Zoom has hit $290 after the company reported more than $1 billion in quarterly revenue Monday, topping analyst expectations. But the company’s third-quarter earnings guidance failed to impress Wall Street.

Shares of Zoom (ticker: ZM) were down more than11% in premarket trading Tuesday.

This could give traders who wanted to buy zoom but finding it too expensive to involve in the market an opportunity to engage.

A bullish bat pattern, alt bat or fib 3 bat you may call it, is a good setup for a potential buying opportunity, but do remember harmonic pattern like this has a high win-rate if used right but that doesn't mean a 100% win rate.

Overall, I'm positive on this stock to go long.