Get started
Bhimireddy

ZOOM should make a move next week

Zoom Video Communications, Inc. (NASDAQ:ZM)  
Bhimireddy Updated   
NASDAQ:ZM   Zoom Video Communications, Inc.
Support and Resistance Trend Lines Multiple Time Frame Analysis SPDR S&P 500 ETF (SPY) QQQ zm zmlong
2
0
supportandresistance trendline mtfa spy qqq zm zmlong
Chart is pretty much self explanatory. We are right at the downward trend line which needs to be cleared to make a move higher or we fail at this level to trend back to recent lows. In either case, wait for a pull back to get a low risk entry. With all the new lock downs, I am leaning towards an upside break but will wait for price to dictate that entry
Comment:
Today's candle shows the indecesiveness to move either way. Would wait on this to enter. I am long on MU and SQ - my other trade ideas at this time
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.