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VaidoVeek

ZOOM (ZM)| Possible Short-term Rejection Area!

Long
Zoom Video Communications, Inc. (NASDAQ:ZM)  
VaidoVeek  
NASDAQ:ZM   Zoom Video Communications, Inc.
Trend Analysis Chart Patterns Technical Indicators ZOOM zoomvideo zoomvideocommunications Stocks zm usstocks nasdaq nasdaq100
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trendanalysis chartpattern indicator zoom zoomvideo zoomvideocommunications stocks zm usstocks nasdaq nasdaq100
Hi,

Just an idea to look for fundamentals because Zoom's price trades near $100. Technical analysis suggests that we can see a short-term rejection from the shown area.
Criteria:
1. Round number $100
2. Channel projection
3. AB=CD
4. Fibo Extension
5. Previously worked resistance level becomes support
6. Possible rejection from the bottom of the range

Do your own analysis and be cautious!

Regards,
Vaido

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