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stonkasaurusrex
Mar 11, 2022 1:39 PM

Zoom Long Now Short

Zoom Video Communications, Inc.NASDAQ

Description

Weekly RSI is hovering around 16, major bullish divergence on several indicators, ZM just hit major support from several years back. At minimum we see a large bounce here likely $120-130 at which point I will likely exit, wait for the next drop, and go long for a long term hold if I like the setup.
Comments
ViciousNeutral
yeah its ridiculous. The only thing is there's a gap at 91 that it seems like it's trying to fill. There's actually another one around 77, which is literally where the falling wedge converges. I don't know if it makes it that low but if it does the bounce should be wild.
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