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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 478.00 and 350.67. If the stock breaks down through support at 478.00 then it will probably continue lower to 350.67. The stock will meet resistance at 529.75 and 597.50. If the stock breaks up through resistance at 529.75 then it will probably continue higher to 597.50. The 200-day moving average is at 182.96. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (82.61).”
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