Very nice and controlled pull back from $ZM in spite of a very strong bounce post earnings from $55 to $73
Price is just at its wedge top line again for a retest which is also the 0.38 Fib at $65
Only 1 wave in this pull back so a bounce (subwave B) followed by a further pull back to the 0.5 Fib at $63 makes the most sense right now
But holders here should be happy so far with what they see, $ZM needs to hold above its 200 Day MA at all costs.
Marty Austin
2024-09-11 14:00:32 +0000 UTC