ZOOM remains bearish. Last week we had both bearish engulfing weekly and monthly close.
We expect the downtrend to continue and retest lows from 2019. After that if we get bullish divergences, it may be the time to accumulate zoom stock. If we break below previous all time lows, new lows may be coming as the price will enter the discovery mode to the downside therefore it´s important to set up the stop loss.
Entry, target and stop loss are shown in the chart.
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Good progress. Wait for the entry
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Still expecting the price to reach our entry . The idea is still valid. Good progress so far. Patience required.
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The price reaching close to our entry. Start DCAing now near to the key support may be a good idea.
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Earning announcement next week. Expecting 1 more dump (retesting the key support once again) .
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Support being respected
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still a good buy for a swing trade (mid-term and long-term)