atulgupta330

ZOOM VIDEO FLAG AND POLE

Long
NASDAQ:ZM   Zoom Video Communications, Inc
Hello All

Hope the last trading week was in the green for all of you.

Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily).

Good entry point if the daily takes support of the trend line and closes above the previous low.

Stop loss just below the support trend line of the flag ( see red horizontal line ) .

My entry is at the yellow horizontal line.

Risk management rules fit well to a 2% rule if you start with a small to medium position for now.

Can always pyramid on more while the stock is on its way up after a breakout of the resistence trend line of the flag with zero risk. ( stop loss = entry point ) or even add a trailing safe zone stop loss for profit taking.

The target beautifully meets the previous resistence as you can see in the picture ( marked green horizontal line ).

If you like the idea and would want more of such entries and exit ideas , please leave a like and a comment.

Your support is greatly appreciated.

Happy Trading