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crawfordpaul
2020년 10월 8일 오전 5시 33분

ZM Bullish Pennant 

Zoom Video Communications, Inc.NASDAQ

설명

ZM has consolidated and formed a bullish pennant it is likely to complete or void in the next few days. Price depends a lot on virus news among other things. A break above the the pennant and break of 501.05 could lead to a gradual move to 544.67 by Oct 26. That move would be a continuation of an August uptrend that ZM still seems to be holding. A break below the pennant and 476.36 support could lead to more consolidation in its current range. It is important to note that RSI has been a strong sell indicator for ZM and it is nearing an overbought condition. If ZM were to selloff more and break 465.01 it could move further to 431.43 before more upside.
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