ZM confirms a bullish breakout on the trend line and also the triangle formed after being supported at the highlighted zone. Here we are expecting a continuation in the rally to the upside on both hourly and daily timeframes.
Yesterday in the end of the market ZM goes down a lot. From 5% up , now is 2.2%. Do you think that this big down will change the predictions of bullish trend in the future? What do you think will be the target price in this bullish trend, 80$, 85$, 95$ ? Please I need your response because I have invested in ZM
RS3175
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@amarohalili, ZM is at a good level for breakout. It is above 20/50/100 EMAs. However, still just below 200 EMA, which is the last barrier to breakout. In the short term, ZM may again retest the 65 level before going up again. If the overall market doesn't get very bearish, ZM may even reach 100 in a year or even less. However, you should remember that no technical analysis is perfect. Also, a day or two of rise and fall cannot be a determining factor for overall trend.
AMIT-RAJAN
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Great! very impressive analysis mate. Thank you for this sharing
What do you think will be the target price in this bullish trend, 80$, 85$, 95$ ?
Please I need your response because I have invested in ZM