$ZM
Added 2024-02-27 14:24:23 +0000 UTC$ZM is up +8% in the PM now after a double beat on earnings and a surprise 23% beat on EPS.
Leading up to earnings, the share price had fallen all the way back to the final support Fib level at $60.70, so they needed to beat convincingly from this report or $ZM could have been in trouble.
Right now they are back above the 200 Day MA but I would like to see a hold above this level at $67, to confirm that $ZM has turned a corner.....unfortunately it has just been consolidating within the blue line range for the last 2 years.
Comments
Appreciate the quick response!
JD
2024-02-27 20:52:48 +0000 UTCYes, breaking into the bull case would imply Wave 3, as it held a higher low
Gareth Neary
2024-02-27 20:43:11 +0000 UTCthank you...assuming we break Bull Case line - would this be Wave 3 with a target of ~$86 @ 1.618? thx
JD
2024-02-27 20:32:28 +0000 UTC
