ZM: Likely a Good Buying Opportunity Pre-Earnings
Zoom posts earnings on September 5th and I am expecting them to beat the expectations.
If this is a stock you have been looking to enter in, wait until 15 minutes prior to the traditional market close on September 4th and put in an entry.
Clear descending triangle pre-earnings indicative of break-out is likely; targeting a bounce to 100.00 after-market with a small run to 105-110.00 before retracing down to perhaps 95.00 or so.
If on September 4th, the stock is below 84.62, do not enter in any large-scale size as that may be indicative of a possible downtrend.
- zSplit
If this is a stock you have been looking to enter in, wait until 15 minutes prior to the traditional market close on September 4th and put in an entry.
Clear descending triangle pre-earnings indicative of break-out is likely; targeting a bounce to 100.00 after-market with a small run to 105-110.00 before retracing down to perhaps 95.00 or so.
If on September 4th, the stock is below 84.62, do not enter in any large-scale size as that may be indicative of a possible downtrend.
- zSplit
