$ZM to 257 by May 31st if US10Y cools off
Upside Targets:
193.99, 257.52, 291.18
Downside invalidation: weekly close below .854 fib (138.04)
Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground.
If the bullish sentiment picks up I can see this going along for the ride for a trip up to $257 by end of May. If the US10Y (white line) cools off I could easily see this stock continue to follow that trend and get some momentum to the upside.
The upside risk to reward seems quite good. You can set a stop below the .854 fib and move on if it continues to die.
Lyra is currently showing a multi week divergence of money flow going in while price seems to be bottoming out.
Volume indicators seem to be showing less and less selling volume over time meaning that we could actually have seller exhaustion. If we start to see increased volume with price going high I will def take this one for a ride up.
193.99, 257.52, 291.18
Downside invalidation: weekly close below .854 fib (138.04)
Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground.
If the bullish sentiment picks up I can see this going along for the ride for a trip up to $257 by end of May. If the US10Y (white line) cools off I could easily see this stock continue to follow that trend and get some momentum to the upside.
The upside risk to reward seems quite good. You can set a stop below the .854 fib and move on if it continues to die.
Lyra is currently showing a multi week divergence of money flow going in while price seems to be bottoming out.
Volume indicators seem to be showing less and less selling volume over time meaning that we could actually have seller exhaustion. If we start to see increased volume with price going high I will def take this one for a ride up.