i think foundamentaly zoom is undervalue.the price has retested before pandemic level.although during the pandemic,the company made a lot of profits .besides from now on, remote working will be used as a serious method.
I am used to analyze charts in a simple way.lets look at chart:
technically there are six reasons why i am optimistic that the trend will be reversed:
1.the price is near the very strong static support line (demand area) in the weekly time frame.
2.the price has supported with dynamic support line(the green one).
3.the price is on the bottom of desend chanell.
4. strong bullish divergence has happend between Price & Rsi(i have shown it with a red line on price and rsi indicator).
5.bullish candels has shown in daily time farme(engulfing candel) in daily time farme& hammer candel stik in weekly time frame (not complete yet) on the price action level.
6.RSI is in oversold area in the weekly time farme.
I am used to analyze charts in a simple way.lets look at chart:
technically there are six reasons why i am optimistic that the trend will be reversed:
1.the price is near the very strong static support line (demand area) in the weekly time frame.
2.the price has supported with dynamic support line(the green one).
3.the price is on the bottom of desend chanell.
4. strong bullish divergence has happend between Price & Rsi(i have shown it with a red line on price and rsi indicator).
5.bullish candels has shown in daily time farme(engulfing candel) in daily time farme& hammer candel stik in weekly time frame (not complete yet) on the price action level.
6.RSI is in oversold area in the weekly time farme.