$ZM
Added 2023-10-13 19:06:56 +0000 UTCWe need to be aware of the risks here for $ZM, it has really struggled to try and get out of this channel all year and although we were seeing continue highs and higher lows since May, since Sept $ZM has not been able to keep its structure and when it failed to stay outside of the channel on the 13th of Sept, it has not been able to find its feet and has been losing Fib levels....and yesterday it has made a lower low.
The last level of support is $60.41, which was the April Low, if the price goes below this level, there is a real risk of this moving down to the yellow trend line and that could be below $50, so we have seen this happen with $SQ, so it is something we need to be aware of.
Bulls have not stepped in for $ZM yet.
Comments
Understood 110%
Jay
2023-10-13 21:33:47 +0000 UTCI am on the side of agreeing with you but just need everyone to be aware of the risks here
Gareth Neary
2023-10-13 19:09:43 +0000 UTCLove the analysis. I firmly believe this is just weeks away from making a strong comeback. LOTS of accumulation past 18 months. Patience + Elliot Waves FTW!
Jay
2023-10-13 19:09:05 +0000 UTC
