$ZM - RC -
Added 2023-07-04 20:39:07 +0000 UTCBig fan of $ZM and although I have a small position right now, I am waiting for the set up to add to my position, I believe it is a stock to hold for the future and is in a oligopoly with Microsoft Teams....Zoom is said as a verb now, and with this sort of brand recognition, this will eventually attract buyers properly again.
I question some of their monetisation policies, especially how much time in Zoom calls they give away for free, a subscription service for me makes a lot of sense here.
That all being said, the chart is looking good, in a wedge now and a break out above and this will be bullish, for me, I have been waiting for a break above $72 to add because until then, there is always a possibility that this can drop back down into the buy zone and I am perfectly fine with that happening, to add to my position there too.
The 200 Day MA is at $72 now, so this is the area we are watching, a break above and the risk is off and then we add, simple.
