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Zoom Communications (ZM) - Wedge Play - Low Risk

Short
Zoom Video Communications, Inc. (NASDAQ:ZM)  
sphen Updated   
NASDAQ:ZM   Zoom Video Communications, Inc.
Trend Analysis Chart Patterns zm ZOOM options Stocks
6
2
trendanalysis chartpattern zm zoom options stocks
Zoom Communications has retested and is respecting the upper band of the ascending wedge-line, we can confidently take a short position with low risk. ZM has had its fair share of negative publicity regarding recent data-breaches and is widely viewed as overpriced in terms of price-to-earnings.

Short Term Target: 132
Bottom Wedge Target: 116

Trade closed: stop reached
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