Karam08

ZM to 490? Rise or Fall before Earnings - Cycle Analysis

Long
NASDAQ:ZM   Zoom Video Communications, Inc.
Big day for ZM today. It faces resistance from the all time high line set since 19 Oct. The line has been a resistance on 28 Oct and 6 Nov after which it dipped massively to retest 370s.

If ZM can break out of the resistance today (mostly likely will need to be with a big gap opening) -- it's bullish until earnings. This is the likely scenario supported with cycle analysis.

If ZM falls below today, we test 350-382 as next resistance until Earnings. ZM may turn after earnings to highs of around 412.

Waiting patiently.

Good luck!
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