Zoom Communications, Inc.
Updated

$ZM – Needs to Find Support

198
ZM seems to be in no-mans-land at the moment. It’s fallen below the 200 day EMA, it’s in between vol profiles and the trend line and fib .618 are indicating a further decent. While technical and oscillators are also bearish the falling wedge is positive and ARK is buying. Keeping an eye out for a good entry point.

ZM
Note
tracking...
Note
If I adjust my trendline a bit, it aligns with the 200day EMA. I think ZM needs to break through to be bullish.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.