ZOOM (ZM)| Short-, mid-term reversal area!Hi,
It is a short-, or mid-term opportunity because we don't know exactly when the lockdowns will end (people start to go back into their offices and start using video communication services a bit less) but atm looks like we can catch some technical movement.
Slowly the vaccin starts to kick in but let's see, there can be many-many obstacles considering vaccin and even covid itself so that's why I consider that the investment on Zoom should be short-, or mid-term.
Techincally the buying area stays $260 - $320 and the criteria:
1) Weekly EMA 50
2) AB=CD equal waves from the top
3) The mid-round number 300
4) Fibonacci golden ratio
5) 50% drop from the ATH
6) Small resistance on Daily matching nicely with other criteria
Do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
