Overprice Zoom Needs a Natural Profit-taking Pullback to < 200

Zoom is overpriced with bearish divergence. The recent breakout of the consolidation puts Zoom +30% of 50-days EMA. This is quite a lot compared to Netflix for instance. I expect a pullback and staying short on Zoom with a risk buy below 200 until 180 (the previous consolidation or Fib0.328)

Further low to EMA50 will be a gift for newly rising stock.

ZOOM growth halts if it breaks 150 to me.

Kommentera:

TP=200 hits...ZM needs to test 180s area now. Where some buys may happen to retest 200, a break will resume the trend. Failure will bring more losses.