Zoom Video Communications, Inc.On the above weekly chart price action has corrected over 80% since the sell signal back in late 2020. A number of reasons now exist to be bullish , including:
1) The ‘incredible buy’ signal has printed.
2) Price action and RSI resistance breakouts.
3) Price action is back-testing past resistance as support.
Is it possible price action falls further? Sure.
Is it probable? No.
1st target $300.
Good luck!
WW
Type: Investment
Risk: <=6% of portfolio
Timeframe: 6-18 months