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vinen
Apr 11, 2021 8:17 PM

Short Idea $ZM - Watch for wedge break Short

Zoom Video Communications, Inc.NASDAQ

Description

The risk to reward on this is favorable IMO. Bearish Divergence in the chart (See sloping Money Flow Index). Also, with a lot of folks returning to the office, expect growth to slow in this name. 1st target 316 then 302.
Comments
Piperchap
Covid is no where close to be gone, yet, still, market is way over forward-looking... I can't keep up with it...
AspiringBass
You're shorting a mega growth company that is -50% off it's highs, good luck
cjgracej
I agree on ZM dropping in price
tradingviwofga
Even if people works 2-3 days from home and 2-3 days home, they will still need Zoom. WFH option may be here to stay and you still need a license regardless of how many days in a week it gets used. I am still bullish and after last week's drop, I am hoping for a bounce.
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