I really like this play going into 2020. Has some solid potential as a long play, and the chart is looking great for a near term options play. Hoping for some consolidation into a breakout next week. May not wait though... $ZM
Alex Vieira initiated coverage of ZOOM VIDEO with a STRONG BUY rating at $60 making it available worldwide in real-time unlike scammers on the web
Zoom Video Communications is making a really cool flag. There is about 20% to get to all time highs. Projected moves aren't made to make a trading plan, but it certainly helps to have them on the background.
An inverse cup and handle is present on the chart which caused an evident drop after the handle formed (in purple), ZM has recently seen some nice returns, this is expected to continue with the purple dotted line as a support.
Buy zoom from the zone 72.50-70.50$ , I think ZM will have correction . Our Targets are 77$ , 81$ stoploss closing 4h candel under 70$ . Good luck((.
Possible outcomes for $ZM, play both sides of triangle. Upper line is daily trendline resistance.
T1: 77.50 T2: 74.77 Long Term Target: 60
The bull market it's over
One of this year's hottest IPOs is still winning over new fans. Dmitry Netis at Stephens is initiating coverage of Zoom Video (ZM) with a bullish overweight rating . The analyst's price target of $115 suggests that there's 26% of upside from current levels, an encouraging goal for the provider of video-conferencing solutions for enterprises that has already...