Here is my take on Zoom for the upcoming weeks.
On Nov 10th and Dec 14th it clearly formed a double bottom, the RSI bounced off of that and drawing a Pitchfork on the bottom of Nov 10th (A), And the Top of Nov 30th (B) and the bottom of Dec 14th (C) can clearly show us a new trend, on Dec 21th in the open it clearly got rejected off the first resistance that the pitchfork is showing, and it bounced off yesterday (Dec 22th) at 396 on the support line.
The KDJ indicates that a trend on the 2-hour timeline might be due, we just need to see the first few hours of the market today. If it falls below 403 today, it failed. If not, then we will be in an uptrend towards January.
Also, it is forming a descending wedge, so there are numerous signs of a bullish trend. Share me your thoughts as well.
Thanks!
On Nov 10th and Dec 14th it clearly formed a double bottom, the RSI bounced off of that and drawing a Pitchfork on the bottom of Nov 10th (A), And the Top of Nov 30th (B) and the bottom of Dec 14th (C) can clearly show us a new trend, on Dec 21th in the open it clearly got rejected off the first resistance that the pitchfork is showing, and it bounced off yesterday (Dec 22th) at 396 on the support line.
The KDJ indicates that a trend on the 2-hour timeline might be due, we just need to see the first few hours of the market today. If it falls below 403 today, it failed. If not, then we will be in an uptrend towards January.
Also, it is forming a descending wedge, so there are numerous signs of a bullish trend. Share me your thoughts as well.
Thanks!