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Bhimireddy

ZOOM should make a move next week

Zoom Video Communications, Inc. (NASDAQ:ZM)  
Bhimireddy Mis à jour   
NASDAQ:ZM   Zoom Video Communications, Inc.
Support and Resistance Trend Lines Multiple Time Frame Analysis SPDR S&P 500 ETF (SPY) QQQ zm zmlong
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supportandresistance trendline mtfa spy qqq zm zmlong
Chart is pretty much self explanatory. We are right at the downward trend line which needs to be cleared to make a move higher or we fail at this level to trend back to recent lows. In either case, wait for a pull back to get a low risk entry. With all the new lock downs, I am leaning towards an upside break but will wait for price to dictate that entry
Commentaire:
Today's candle shows the indecesiveness to move either way. Would wait on this to enter. I am long on MU and SQ - my other trade ideas at this time
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