Login

Register

Login

Register

Zoom Stock Chart Analysis: Correction Begins

Shares of Zoom Video Communications (ZM) are collapsing today. The stock is down 5% on the day after a massive move higher. This has been a favorite of investors who were looking for a safe haven during Covid-19. To put the move in perspective, Zoom Video Communications was trading at $70 per share in January 2020. This past Friday it hit an all-time high of $261.62.

Zoom stock chart analysis shows the stock clearly overbought on all technical indicators. The odds of a correction in the coming month that is greater than 10% stand at 90%, the odds of a correction in the coming month of more than 20% stand at 65%. The stock chart calculation shows the longer-term (3 month price outlook) correction target to be $180. That would represent a drop in the stock of 31.30% and likely represent a good buying opportunity for a swing trade bounce.

A net gain of +1,066.24% through June 29th, 2020 is a reality for members of Verified Investing Alerts. For investors who want to maximize profits to an insane degree, swing trading technical chart setups using the PPT Methodology is easy and profitable. Swing trading using these methods allows smart investors to jump in at key levels and out for 10%+ gains in days. Master Trader Gareth Soloway has guided his members, actively swing trading stocks, using key technical levels for multiple profits of 10%+ almost every day (yesterday 3 winners of over 10% each). With the wild swings in the equity markets, members are getting multiple trades a day (on average). See the VERIFIED track record HERE (scroll down on the page). Gareth consults for hedge funds but still helps average investors swing trade. Members get exact entry prices, stops, targets and daily videos that analyze the market, stock and current positions. The second Master Trader Gareth Soloway buys/sells a stock, members get a text/email alert to get them in/out of the trade in seconds. Note the Zoom stock chart analysis below to see the max downside target over the next three months.