Reasons for bullish bias: - Bullish candles at support - Positive Earnings Here are the recommended trading levels: Entry Level(CMP): 12.80 Stop Loss Level: 11.43 Take Profit Level 1: 15.75 Take Profit Level 2: 18.93 Take Profit Level 3: Open Safe entry will be above 19 at the breakout of consolidation phase.
ZI is registering massive net buying volume this past few weeks with numbers surging +440% from its average numbers -- from 10.77M to 58.34M. This is hinting that buyers are already positioning of the company's future upside growth. This, not only in technical aspect but fundamentally as well. Based on recent earnings call, ZoomInfo beats Q1 earnings and revenue...
$ZI very clustered chart at first look but plenty of significant technical build up in this name -double bottom basing chart with RS since feb -2 weeks price coiling between both VWAPs IPO and ATH -price action rejection at 200MA on 3 period since jan all points to $61 breakout
This is not financial advice, just stating my opinion.
Confirmation that the downtrend broke. Waiting on a new trend to form. Major Resistance points: $46 - $48 - $52 - $55
Will get in above todays signal for swing trade.