ZOOM VIDEO COMMUNICATIONS INC (ZM) ....SHORT LOOKING FOR FIBO 38That is our trading idea in ZOOM VIDEO COMMUNICATIONS after a very bullish period of time.
Now look for Short trades looking to reach the 38,2% Fibo of all the previous bullish leg, until the 15th of May 2020.
SHORT at: 113,59$
STOP: 127.81$
TAKE PROFIT: 99,95$
Traders.....Good luck and Nice trading !!!
#MARKTADVISOR
ZOOM
ZOOM - Bullish analyst ratingOne of this year's hottest IPOs is still winning over new fans. Dmitry Netis at Stephens is initiating coverage of Zoom Video (ZM) with a bullish overweight rating .
The analyst's price target of $115 suggests that there's 26% of upside from current levels, an encouraging goal for the provider of video-conferencing solutions for enterprises that has already soared 153% since going public at $36 in April through Thursday's close.
---News reported by Rick Munarriz, The Motley Fool / Yahoo Finance