ZM w/ some Bearish Divergence, a Descending Triangle, & SMA Test

2 oct. 2020

I'm not an expert by any means, but unless some news comes out supporting the prolonging of "lockdown" or "quarantine" (promoting Working from Home for longer), I see ZM taking a solid dip, if not a dive if a daily candle closes below the 10-SMA. I'm seeing this idea supported in the RSI Bearish Divergence, Descending Triangle forming, and even the MACD indicating a change in momentum with not only the Crossover, but also an inflection point in the signal line beginning to slope downwards rather than upwards.
Again, all it takes is some Breaking News or a NASDAQ rebound to cancel all of this out. But if that doesn't happen early next week, this is what I'm thinking...