Zoom Communications (ZM) - Wedge Play

ZM Communications has received plenty of negative if publicity over the last couple of weeks. We can see here that technical's have made a second rejection off the upper band signaling a short position setup.

Stops should be placed above the upper band, profit taking can take place at lower band, or hold to see lower band rejection.

Komentarz:

Zoom Communications (ZM) - dropped over 4% including after-hours trading. This trade looks to be headed into the right direction. With price-to-earnings ratios being completely unjustifiable ZM has one of the highest potentials to make a large move downwards. As the economy reopens, the need for zoom will slightly decrease, this should also be taken into consideration.

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