ZOOM COMMUNICATIONS 80 week cycle low trade idea $ZM
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Derek Frazier shares and explains his ideas and process of decision making behind cyclitecnical trading. Please like and comment.
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ZOOM COMMUNICATIONS 80 week cycle low trade idea $ZM
2115 cst
ZOOM is confirmed to have a recent 80 week cycle low. It is also bouncing out of a powerful and gaining 40 day cycle, with a stop below $111.50, a probable 15 to 1 trade is there, as it rises to its 80 day peak.
$132 target
$113 entry
$111.50 stop
ZOOM COMMUNICATIONS 80 week cycle low trade idea $ZM
16aug22 915cst The trade did not activate due to falling below entry premarket. It is now selling off and seems to have a failed cycle low. oh well