$ZM Overbought - Over-Valued Bearish targeting 100

Short

Zoom Video Communications, Inc. (NASDAQ:ZM)

Updated

NASDAQ:ZM Zoom Video Communications, Inc.

Trend Analysis Chart Patterns Technical Indicators

trendanalysis chartpattern indicator

Overbought weekly indicators . volume starting to be lower and price may will follow at least to 100s range . final targets at 80-70 . if break up recent top at 165 then can jump sharply but then will correct almost 50% . similar to what happened with other overvalued companies ..

Trade active:

Dropped more than 5% to 137

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Comment:

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Comment:

To confirm bearishness need to close below neck line

Comment:

WoW.. reached 114.5 drop other 15% .. Really was perfect shot..

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Comment:

Strong bounce from 114.5 to 133.. today closing is very important

Trade active:

Positive close as expected . going up 135-136 then could fall again

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Trade closed: target reached:

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