Zoom Communications, Inc.
Panjang

$ZM currently trading at the Demand Zone

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I believe a 48% pull back from the highs is a reasonable correction. Now is the time for ZM to establish its new bull trend. With a descending triangle formed from the highs and break of $300 support into the $290s demand zone poises it for a bounce with MACD oscillator curling green after 2 months in the red. All the way down to the $270s is a good buy zone. Anything below $270s and its $200s next, I would stay away below that range.

This would be a great pick for the long-term investor. Please share, like and comment your thoughts below.

Penafian

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