Zoom has "fallen from grace", aided in part by the announcement that a vaccine could be near. It fell from 588.80 in October to a low of 366 on 10 Nov. Having fallen nearly 38% from it's recent high, I suspect "value" is starting to emerge again and that the 61.8% fib support level at 365 would hold.
A bullish divergence between price and RSI is also forming..Hence I am accumulate with initial stop loss @ 362.
However! Should this trade not work out, then I will be looking to re-enter near the gap close @ 325
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
A bullish divergence between price and RSI is also forming..Hence I am accumulate with initial stop loss @ 362.
However! Should this trade not work out, then I will be looking to re-enter near the gap close @ 325
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
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.