ZM needs to hold its channel and support at $350
When ZM offered $1.5 billion of shares last Jan for $340, it makes me believe it's strong support of ZM. Now ZM will consolidate in the range of $350 - $450. If ZM can somehow reach back and break its strong resistance at $450 and hold above $475, I believe ZM could reach out back to its ATH
Safe zone to buy: $375'
Go long: $475
Fundamental catalyst makes me believe going long ZM because of Cathie Wood, also ZM have 44B cash in balance sheet, enough to acquire another business or start-up to expand its communication platform for enterprise, plus the company is making money, very clean on balance sheet and very minimal of debt, just very too young in the tech industry, need another year or 2 years to convince people. Tesla needed 4 years before taking off.
Safe zone to buy: $375'
Go long: $475
Fundamental catalyst makes me believe going long ZM because of Cathie Wood, also ZM have 44B cash in balance sheet, enough to acquire another business or start-up to expand its communication platform for enterprise, plus the company is making money, very clean on balance sheet and very minimal of debt, just very too young in the tech industry, need another year or 2 years to convince people. Tesla needed 4 years before taking off.
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.
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.