ZOOM (ZM)| Possible Short-term Rejection Area!
Hi,
Just an idea to look for fundamentals because Zoom's price trades near $100. Technical analysis suggests that we can see a short-term rejection from the shown area.
Criteria:
1. Round number $100
2. Channel projection
3. AB=CD
4. Fibo Extension
5. Previously worked resistance level becomes support
6. Possible rejection from the bottom of the range
Do your own analysis and be cautious!
Regards,
Vaido
Just an idea to look for fundamentals because Zoom's price trades near $100. Technical analysis suggests that we can see a short-term rejection from the shown area.
Criteria:
1. Round number $100
2. Channel projection
3. AB=CD
4. Fibo Extension
5. Previously worked resistance level becomes support
6. Possible rejection from the bottom of the range
Do your own analysis and be cautious!
Regards,
Vaido
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