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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.
* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.
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* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

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Dots

* If the dots don't connect, gather more dots until they do...or, just follow the $$$...

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Vintage Xmas

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Tuesday, November 23, 2021

ZOOM: A One-Hit Wonder

I wrote about ZOOM's parabolic spike in my post of November 9, 2020...and predicted in a December 30 update that a drop and hold below 300 could see a further price decline.

Since then, ZOOM has made many attempts to bounce and hold above that level, but succumbed in September of this year, as shown on the weekly chart of ZM below.

It's dropped 66% since October 2020, and as long as its usefulness continues to decline as employees get back to work, I don't see it hitting major support until 100, or lower (to pre-pandemic levels).