Zoom Communications, Inc.
Long
Mis à jour

Why ZM Zoom Video could go higher by Friday!!

673
ZM Zoom Video reached our Buy Area:
ZM Zoom Buy area after second-quarter revenue miss

As you can see in the chart, Zoom Video Communications, Inc. (ZM) reached our price target!

Friday, before the close, at 16:29:37 someone bought 20300 ZM shares at $72.29 for about 1.5Mil.
But that`s not all!
Also before the bell i saw 9K calls worth 1.4Mil, with the following characteristics:
2022-10-21 expiration date (this Friday!)
$73.10 entry price
$75 strike price
$1.55 premium paid.
In order not to expire worthless, the shock should reach $76.55!

The stock was $72.29 at the close and i think it is primed for a comeback!
ZM Zoom Video is the 2nd biggest holding of Ark Invest with 1.03Bil invested their average entry price being $274.87! the stock is now only $72.29.
ZM stock lost 87.85% from its all time high. I think this could be The bottom.

On 8/23/2022 The Goldman Sachs Group set a Price Target of $122.00 for ZM Zoom Video.

My short term Price Target is the $106 resistance.

Looking forward to read your opinion about it.


Note
ZM calls are $5.40 now from $1.55 when i wrote the article.

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