I have committed to $ZM and will take any advantage to add at a lower price.
We can see all week that a battle has been taking place to stay above $72 and the bulls won that battle yesterday but the PM continues this battle again.
We can see on this daily chart that the 200 Day MA is at $71.33, the PM activity has not been able to go below this level. So more of this.
I have no issue with this moving sideways, it is a company that I do not believe is under any threat and not expected to complete any significant pull back. The plan remains the same here.
Andrei Buliga
2023-08-03 08:33:02 +0000 UTC