without_worries

Zoom Video Communications, Inc. - Bullish divergence

Long
NASDAQ:ZM   Zoom Video Communications, Inc.
*investment opportunity*

A 90% correction since late 2020 on the above 4 day chart. There now exists an excellent opportunity on this stock. Why?

1) Price action and RSI resistance breakouts.

2) Support and resistance, look left. Price action is on past support. Terrific.

3) Bullish divergence. Lots of it, as measured over a 100 day period.

Is it possible price action falls further? Sure.
Is it probable? No

Ww

Type: Investment
Risk: <=6% of portfolio
Timeframe: Act now
Return: Rather awesome. Will say elsewhere.
Stop loss: Will say elsewhere.
Trade active:
On support and confirming

BTC
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Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
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