$ZM Zoom Video Communications Inc Stock Robo Analyst October 17 2020 #ZM
Zoom Video Communications Inc (ZM) “On a long-term technical basis, the stock (ZM) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 529.74 and 478.00. If the stock breaks down through support at 529.74 then it will probably continue lower to 478.00. The stock will meet resistance at 565.50 and 595.96. If the stock breaks up through resistance at 565.50 then it will probably continue higher to 595.96. The 200-day moving average is at 219.24. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (83.50).”