The Long Investor

$ZM

Added 2024-04-15 14:53:36 +0000 UTC

I continue to watch $ZM in the background but continue to see oscillations and consolidation within $75 and the ATL line of $59. Price right now is at $60, so it is as rock bottom as it has ever been.

I think the consolidation continues sideways and we can see on the RSI chart that every time 30 is hit, there is a bounce back up higher for a 10-15% gain.

$ZM has not been able to convince the market that the changes they had added are exciting enough to move the share price.....they are now putting a lot of effort into their conference sector and Zacks currently has $ZM down as a Buy right now and they expect them to beat on earnings towards the end of June.

$ZM needs to do something with their cash on hand.....share buy backs, dividends or acquire....or a combination of two.

In terms of R v R here, its relatively safe.