The Long Investor

$ZM - Lesson note -

Added 2023-04-24 23:21:05 +0000 UTC

As we spoke about $ZM earlier in the Telegram group, I mentioned that $ZM was in the buy zone, members had said that they had started positions and although we had not hit the bottom of the buy zone, once the price enters the buy zone, it is consider a buy.

A buy zone is where I have determined that the company is undervalued in this price range, charts with buy zones are always intended to be long term holds, so even if the price goes lower, it is another opportunity to add. If the price drops down out of the buy zone, it means the fundamentals have changed and the market expects the forward earnings or conditions to be worse than expected.....that being said, it was rare for the share price to drop down from the buy zone, it normally holds or stays above the buy zone.

$ZM reacted very well today on the news that $MSFT would not be including their Teams platform as part of their Microsoft Office package, this translates to less competition for $ZM, in the short term at least.

So I'll upload this more frequently too, what we would be looking for here is structure, 5 waves moving up as always, so far, Wave 1 is not confirmed complete yet.