After strong Q1 and Q2 earnings. With fears of delta covid variant. It seems that Zoom stock is about start a bull cycle.
Beside the strong fundamentals and supportive circumstances. This convintion is also build upon chart technicals where the price has broke through a falling channel, and now testing the upper trend + 50 day moving average.
As shown the candle stick is making a bullish hummer at the daily close which makes a positive Sign for a long entry.
First target price is $440 and the second $500 with a chance for further upside. However, this play may takes sometime and hence patience is required.
Beside the strong fundamentals and supportive circumstances. This convintion is also build upon chart technicals where the price has broke through a falling channel, and now testing the upper trend + 50 day moving average.
As shown the candle stick is making a bullish hummer at the daily close which makes a positive Sign for a long entry.
First target price is $440 and the second $500 with a chance for further upside. However, this play may takes sometime and hence patience is required.