Hi,
The price of the well-known video communication software ZOOM has started to approach quite a solid buying area, at least from a short-term perspective.
Long story short, technically, the good buying area stays between $240 to $302 and the criteria are:
1) $300 the mid-round number acting as a support
2) Small resistance level in 2020 become support
3) 2x Equal Waves ending points are in the marked green buying box to add strength in there
4) 50% fall from the ATH (all-time high)
5) Minor lower trendline third touch
6) Fibo retracement 62%
These are the major criteria for this current rejection area, do your own fundamental research and if this matches with my technical analysis then you are ready to go.
The first target stays around $400 ~30-40%
The second one will be the current ATH ~100%
Stay healthy,
Vaido
The price of the well-known video communication software ZOOM has started to approach quite a solid buying area, at least from a short-term perspective.
Long story short, technically, the good buying area stays between $240 to $302 and the criteria are:
1) $300 the mid-round number acting as a support
2) Small resistance level in 2020 become support
3) 2x Equal Waves ending points are in the marked green buying box to add strength in there
4) 50% fall from the ATH (all-time high)
5) Minor lower trendline third touch
6) Fibo retracement 62%
These are the major criteria for this current rejection area, do your own fundamental research and if this matches with my technical analysis then you are ready to go.
The first target stays around $400 ~30-40%
The second one will be the current ATH ~100%
Stay healthy,
Vaido
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.