ZM - Rising Strength and Trending indicator

Long

Zoom Video Communications, Inc. (NASDAQ:ZM)

NASDAQ:ZM Zoom Video Communications, Inc.

Trend Analysis zm zoomvideocommunications

trendanalysis zm zoomvideocommunications

Strong weekly closure for last 2 weeks
Improving RSI from 51 to 65
Direction movement indicator signaling upside
Trending indicator value improving
There is 12EMA crossing upward of 50EMA

These confirmations suggest higher probability of price rising.

Buy if price stay above 430
Weekly closing basis Stop Loss = 419
Targets 460, 504 derived from Weekly Fibo 0.618 , 0.786

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