ZM: Zoom is zooming into a black hole of disaster
There is almost noting bullish about ZM. After the huge selloff for months it's been a bear flag consolidation for weeks. With general market weakness intensifying, ZM has no chance here. Most likely in lower double digits to single digit in the next year or so. We might see a bounce first due to RSI oversold conditions, but wouldn't expect much. It will be a pump and dump scheme for investors to get out. They have no use case left as Microsoft and Apple have cornered the market for video conference. I hope google or some other big tech buy them out and put them out of their misery. I don't own or hold any stocks, so I have no skin in the game, but this is just sad to watch. I like the product better than teams or face time. But market doesn't like it and that's what counts.
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