zm FIB 1.618 LEVEL AT $206 BUY MAY 26! GO LONG NOW WHILE IN CHNL

ZOOM IN UPTRENDING CHANNEL WITH PRICE TARGET AT FIBONACHI LEVEL 1.618FROM LAST MAJOR SWING, BY MAY 26 WHERE THE LEVEL AND CHANNEL INTERCECT..

Trade closed: target reached:

The real price action followed the less steap uptrending channel of the two shown before instead of the steaper price action envisioned previously andindicated previously by the backfill tool at the posting of the original idea. It seems that the price just hit the upper trending line of the channel where some consolidation is taking place and its indecative of wekness from the BULLs perspective. Perhaps the next price action will start heading back down toward the bottom of the channel so it is suggested to either take profits and exit the long position at the current levels and try to invest the cash to another stock with higher upside potential i.e. Banks, Airlines, Cruses, Casino Resorts which are still at their lowes and have just started breaking out towards the upside during the past few days!