Gem-Hunter

ZM - First Target $410 before $461

Long
Gem-Hunter Updated   
NASDAQ:ZM   Zoom Video Communications, Inc.
ZM is in Sub Wave 2 of Wave A correction again breakdown into Wave ABC . Targets are pointed out in the chart.

Wave A - $410 to Wave B - $386 to Wave C - $461 (Extended)

I'll update the chart based on price action on Monday if this idea defers.

Good Luck.
Comment:
Tmrw, stock can also drop to $355 or $347 in case market drops. If so, I likely to take position at these levels.
Comment:
Implied volatility is too high. Watch out.
Comment:
I don't see upward momentum yet. It could also drop to $319 & close the gap. Possibly this week.
Trade closed manually:
I don't see the upward momentum yet. So, I'm closing this idea & will publish new idea.
Trade active:
Sub Wave A & Sub Wave B are exactly hit. Anticipating of Wave C.
Comment:
Trade closed manually:
Careful people, tmrw market may slump heavily.

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