CIRTrades

ZM- Falling Wedge- Make or Break

NASDAQ:ZM   Zoom Video Communications, Inc.
ZM- just broke below aVWAP from IPO- things are going to get unruly here if it can't break above the resistance of the wedge- I'd previously thought 265 would be sufficient, and while encouraging for bulls, I think we need 268 for even more conviction at this point. Breakdown out of this pattern and a complete freefall ensues- 252- 250-- 242. This is going to give us an explosive move either way, and I refuse to take my eyes off it.

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