ZOOMing to the downside
ZM enjoyed this pump from the coronavirus. This attention isn't always good because if you have a bad product with alot of users, it will be hard to recover back to that number of users after the virus is over.
During the two peaks within 4 days of each other, we have a strong green and red candle. The buying has steadily decreased since then (blue rectangle). RSI is diverging with overbought signals.
The bubble is popped. We're now forming an inverted H&S with a neck resistance line of $130. I would consider shorting there as the last chance to get in before the big drop. Look for a neutral or bearish candle in next few days.
During the two peaks within 4 days of each other, we have a strong green and red candle. The buying has steadily decreased since then (blue rectangle). RSI is diverging with overbought signals.
The bubble is popped. We're now forming an inverted H&S with a neck resistance line of $130. I would consider shorting there as the last chance to get in before the big drop. Look for a neutral or bearish candle in next few days.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.