ZM: 03-14 projection update for next 4-6 weeks
Updating our ZM projection after the big run - there are 2 possible scenarios, a continuation (upward) and a reversal down after distribution - both explained on the chart.
issue is, we still don't have much information to confirm either one or the other - so will need to update later - maybe in a week or 2 after the move reveals itself
now ZM had had a big run given they benefit from the increasing demand on "remote work" and "distant learning" globally with the CV-19 situation - but the thing is, the price became way over-inflated and started to show continuous signs of weakness - possibly due to profit taking - if i hold ZM i would definitely sell it now after a 50% gain in just 3 weeks, then wait for the next wave - lock that revenue in my P&L - that would explain why ZM hasn't been reacting positively to "recovery days" like other tech stocks. that alone would make a short-term distribution scenario more possible - but the long term is still bullish and the demand is expected to continue, but once the fundamentals are "corrected" vs current inflation. either ways, it's strongly advised to wait for a confirmation of whatever ove we get, and make more research before making any trade decisions here. the market is too volatile and requires a lot more rigor in risk aversion.
comment and feedback welcome.
issue is, we still don't have much information to confirm either one or the other - so will need to update later - maybe in a week or 2 after the move reveals itself
now ZM had had a big run given they benefit from the increasing demand on "remote work" and "distant learning" globally with the CV-19 situation - but the thing is, the price became way over-inflated and started to show continuous signs of weakness - possibly due to profit taking - if i hold ZM i would definitely sell it now after a 50% gain in just 3 weeks, then wait for the next wave - lock that revenue in my P&L - that would explain why ZM hasn't been reacting positively to "recovery days" like other tech stocks. that alone would make a short-term distribution scenario more possible - but the long term is still bullish and the demand is expected to continue, but once the fundamentals are "corrected" vs current inflation. either ways, it's strongly advised to wait for a confirmation of whatever ove we get, and make more research before making any trade decisions here. the market is too volatile and requires a lot more rigor in risk aversion.
comment and feedback welcome.
but overall, there's so much randomness that makes me avoid trading for now. May post updated projections if i spot some pattern to this chaos