Zoom Communications (ZM) - Wedge Play
ZM Communications has received plenty of negative if publicity over the last couple of weeks. We can see here that technical's have made a second rejection off the upper band signaling a short position setup.
Stops should be placed above the upper band, profit taking can take place at lower band, or hold to see lower band rejection.
Stops should be placed above the upper band, profit taking can take place at lower band, or hold to see lower band rejection.
Note
Zoom Communications (ZM) - dropped over 4% including after-hours trading. This trade looks to be headed into the right direction. With price-to-earnings ratios being completely unjustifiable ZM has one of the highest potentials to make a large move downwards. As the economy reopens, the need for zoom will slightly decrease, this should also be taken into consideration.Trade fermée: ordre d’arrêt atteint
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.