Zoom Communications, Inc.

ZM - trade setup

388
Everyone is asking about ZM. I would not touch ZM here unless it breaks 365 or bounces from there. We need to really trap longs here and this support would be a great way to do that. If it does break and trap the longs there will be fast pressure to the 200MA which would be a great trade for some of you new guys to pad your accounts. If we don't break 365 this is a great spot for a long swing trade higher which will also be a great trade for new accounts. Don't be early let it break or bounce off support before you get in.

If your using Options use at least a month out strike. Enjoy

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