Technical Analysis (Daily Chart – ZM, NASDAQ):
The stock is currently trading around $83.98, slightly below the local resistance at $85.12.
A symmetrical triangle pattern has formed (A–B–C–D), and the recent breakout to the upside suggests potential bullish continuation.
The buy zone is marked near $80, with a protective stop-loss at $69. This provides a favorable risk–reward setup.
The first major resistance and profit-taking zone is highlighted at $110.35 – $110.83, which is the initial target for this bullish move.
Multiple moving averages (short- and mid-term) are turning upward and crossing above the long-term black moving average, confirming a shift toward bullish momentum.
As long as the price holds above $77–80 support, the bullish scenario remains valid. A breakdown below $69 would invalidate this setup and signal renewed downside risk.
Outlook:
Short-term: Potential retest of the breakout area (~$80) before resuming the upward move.
Medium-term: Bullish bias toward the $110 zone.
Risk management is crucial—tighten stops if the stock struggles around $85–90.
📌 Summary:
Current trend shows a bullish breakout from consolidation. Entry is favorable around $80, stop-loss at $69, with the first target zone between $110.35 and $110.83.
The stock is currently trading around $83.98, slightly below the local resistance at $85.12.
A symmetrical triangle pattern has formed (A–B–C–D), and the recent breakout to the upside suggests potential bullish continuation.
The buy zone is marked near $80, with a protective stop-loss at $69. This provides a favorable risk–reward setup.
The first major resistance and profit-taking zone is highlighted at $110.35 – $110.83, which is the initial target for this bullish move.
Multiple moving averages (short- and mid-term) are turning upward and crossing above the long-term black moving average, confirming a shift toward bullish momentum.
As long as the price holds above $77–80 support, the bullish scenario remains valid. A breakdown below $69 would invalidate this setup and signal renewed downside risk.
Outlook:
Short-term: Potential retest of the breakout area (~$80) before resuming the upward move.
Medium-term: Bullish bias toward the $110 zone.
Risk management is crucial—tighten stops if the stock struggles around $85–90.
📌 Summary:
Current trend shows a bullish breakout from consolidation. Entry is favorable around $80, stop-loss at $69, with the first target zone between $110.35 and $110.83.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.