Bullishcharts

$ZM Zoom Video - Small Glimmer Of Hope

Long
NASDAQ:ZM   Zoom Video Communications, Inc.

Bulls are really hanging on by their finger tips,
valuations became important and the darling stock of 2020
has suffered more than most as a result.
Tuesday action does however give a glimmer of hope as the stock reached
oversold levels and Bulls managed to cling onto
the gap support and the rising trendline.
Weak as that support is. it may be enough to give a relief rally in the stock .
Below that gap also offers a well defined risk level.
Longs could look to a move back to $370 - $375
The alternative is a drop to $300

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