SamSuka
The Long Investor
The Long Investor

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$ZM

Very big day for $ZM yesterday and we have been waiting for it and never gave up on it either.

It finally broke out of the long channel and took off, finished the day pulling back which is a good sign as it looks set to come back and test the channel from the upside next.....as we all know, when there is a test of support from above and it holds, this is confirmation of a support level....if we can see this, this to me is a buy signal. 

My impulse count is very attractive here, so buying at the retest of the trend line still offers plenty of upside. So you are watching for between $72.50 - $72.20 for support.

$ZM has also jumped 20% since its lows on the 22nd of July, I am very happy to hear a lot of our members stuck with this and did not give up and many are in profit now.


$ZM

Comments

Just wondering is the "trend line" the straight yellow line or if its the curvy yellow line?

Damien O'Sullivan


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