ZOOM (ZM) Buy at $486.93 Profit Taking at 608.66

Zoom. Most have heard of it and most have used it. it is one of the covid stocks of 2020 that has had a huge run up and lately it looks like every time a position is entered it is sold shortly after. The main reason is because it is potentially forming a double bottom base to shake out the weak holders for another 25% run. Below are the sales are earnings

Quarterly Sales:
Apr20: +169%
Jul20: +335%
Oct20: +367%

Quarterly Earnings:
Apr20: 567%
Jul20: 1150%
Oct20: 1100%

Both the earnings and sales are expanding exponentially but the stock hasn't budged much since might be a sign of topping action. There is a potential buy point if it undercuts the B point low and comes back up, which is called a shake out + 3. We shall see the price action of this stock.



For more info on double bottom bases click here:

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