Seems clear ZOOM is going to lose the low; recounting waves allows another low but only just. Long plan doesn't change much in this scenario. However, a major capitulation is possible if this was actually a distribution instead of accumulation range and the long invalidation is on the chart as a blue dotted horizontal line. Personally, I won't sell even if we do capitulate since it remains an undervalued stock IMO; I will continue to average down in this event.
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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.