ZM to 490? Rise or Fall before Earnings - Cycle Analysis
Big day for ZM today. It faces resistance from the all time high line set since 19 Oct. The line has been a resistance on 28 Oct and 6 Nov after which it dipped massively to retest 370s.
If ZM can break out of the resistance today (mostly likely will need to be with a big gap opening) -- it's bullish until earnings. This is the likely scenario supported with cycle analysis.
If ZM falls below today, we test 350-382 as next resistance until Earnings. ZM may turn after earnings to highs of around 412.
Waiting patiently.
Good luck!
If ZM can break out of the resistance today (mostly likely will need to be with a big gap opening) -- it's bullish until earnings. This is the likely scenario supported with cycle analysis.
If ZM falls below today, we test 350-382 as next resistance until Earnings. ZM may turn after earnings to highs of around 412.
Waiting patiently.
Good luck!