Technical Analysis (Daily Chart – ZM, NASDAQ):
The stock is currently trading around $83.98, slightly below the local resistance at $85.12.
A symmetrical triangle pattern has formed (A–B–C–D), and the recent breakout to the upside suggests potential bullish continuation.
The buy zone is marked near $80, with a protective stop-loss at $69. This provides a favorable risk–reward setup.
The first major resistance and profit-taking zone is highlighted at $110.35 – $110.83, which is the initial target for this bullish move.
Multiple moving averages (short- and mid-term) are turning upward and crossing above the long-term black moving average, confirming a shift toward bullish momentum.
As long as the price holds above $77–80 support, the bullish scenario remains valid. A breakdown below $69 would invalidate this setup and signal renewed downside risk.
Outlook:
Short-term: Potential retest of the breakout area (~$80) before resuming the upward move.
Medium-term: Bullish bias toward the $110 zone.
Risk management is crucial—tighten stops if the stock struggles around $85–90.
📌 Summary:
Current trend shows a bullish breakout from consolidation. Entry is favorable around $80, stop-loss at $69, with the first target zone between $110.35 and $110.83.
The stock is currently trading around $83.98, slightly below the local resistance at $85.12.
A symmetrical triangle pattern has formed (A–B–C–D), and the recent breakout to the upside suggests potential bullish continuation.
The buy zone is marked near $80, with a protective stop-loss at $69. This provides a favorable risk–reward setup.
The first major resistance and profit-taking zone is highlighted at $110.35 – $110.83, which is the initial target for this bullish move.
Multiple moving averages (short- and mid-term) are turning upward and crossing above the long-term black moving average, confirming a shift toward bullish momentum.
As long as the price holds above $77–80 support, the bullish scenario remains valid. A breakdown below $69 would invalidate this setup and signal renewed downside risk.
Outlook:
Short-term: Potential retest of the breakout area (~$80) before resuming the upward move.
Medium-term: Bullish bias toward the $110 zone.
Risk management is crucial—tighten stops if the stock struggles around $85–90.
📌 Summary:
Current trend shows a bullish breakout from consolidation. Entry is favorable around $80, stop-loss at $69, with the first target zone between $110.35 and $110.83.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.