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rasmusk

Bounce back play with 6:1 risk reward

Long
Zoom Video Communications, Inc. (NASDAQ:ZM)  
rasmusk  
NASDAQ:ZM   Zoom Video Communications, Inc.
Trend Analysis
3
0
trendanalysis
ZM has dropped almost 30% from recent highs @$105 now its good risk reward opportunity for bounce back play. Entry around $75. Place stop around $71 and take profit target $100.
  • Almost 30% drop from recent highs
  • RSI 30 shows strong oversold
  • Risk reward 6:1
  • Company is growing fast, last earnings beat analysts expectations
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