Zoom has been consolidating and forming a rounded bottom for a while. It is much cheaper now than before Covid and yet is a much stronger business so undervalued IMO. Either way, the chart looks like the downtrend is over and it has completed waves 1 and 2 of a new impulsive uptrend. Recent price action appears to have completed the retrace of wave 1 of 3, so we should expect a strong move up fairly soon; buying now means you avoid the agonising sideways chop long-term holders have had to deal with and still benefit from all the upside!
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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.