Zoom Video Communications Inc. shares
(NASDAQ:ZM) have begun to rally after a recent dip. The market is generally bullish
and the bullishness has been on for a very long time: only that it is more
pronounced right now.
From December 2019 to April
2020, price went upwards. It pulled back in April and reached new heights
later. The current style is now higher highs and lower highs. The market
dippped towards the end of April and has started rallying in early May.
Price is currently above the
upper Trendline, and as well, the RSI period 14 is above the level 40, close to
the level 60, and may soon surmount it. The signal in the market is bullish.
Thus the ZM may reach the
resistance levels at 160.00, 180.00 and eventually 200.00 within the next
several months.
Perfect Money/Payeer/BTC/AdvCash/Neteller/Skrill: ItuGlobal
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