JustinLev

This week will be Zooms big test.

Long
NASDAQ:ZM   Zoom Video Communications, Inc.
Zoom broke from its more than 3 month uptrend support line and is now looking looking to stay above $500. If it goes below $505 this rocket ship is going to go down even further down 10%. If not, this will hover between $500 to $550 till the election madness is over. RSI also broke from its recent uptrend and the MACD lines need to cross in order for ZM to change course. Long term we will be social distancing till 2022 and companies are adopting remote work permanently. Long.
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