Long

Zoom - Bullish Bat

I must say, I'm a forex trader, not a stocks trader so do your own research. From the technical analysis standpoint Zoom has hit $290 after the company reported more than $1 billion in quarterly revenue Monday, topping analyst expectations. But the company’s third-quarter earnings guidance failed to impress Wall Street.

Shares of Zoom (ticker: ZM) were down more than11% in premarket trading Tuesday.

This could give traders who wanted to buy zoom but finding it too expensive to involve in the market an opportunity to engage.

A bullish bat pattern, alt bat or fib 3 bat you may call it, is a good setup for a potential buying opportunity, but do remember harmonic pattern like this has a high win-rate if used right but that doesn't mean a 100% win rate.

Overall, I'm positive on this stock to go long.

RaynLim

🕒 15mins workday for Young Parents
🏦 Qualify Junior Analyst within 90days
🎤 Keynote Speaker

Get into our 15mins workday community
discord.gg/AKDr9vPqH7

Live session & Trading Tips on the GO
instagram.com/raynlim/

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

RaynLim

Also on: