Nov. 13 at 1:31 AM
$ZM is currently trading at
$85.01, showing a bullish sentiment with an RSI of 58.44, indicating potential upward momentum but not yet overbought. The price is above both the 30-day moving average (MA30) at
$82.37 and the 50-day moving average (MA50) at
$83.10, suggesting a positive trend. The recent 60-day high of
$88.71 is a key resistance level, while the low of
$71.16 provides a solid support reference.
For a trade plan, consider entering a long position at
$85.50 to capitalize on the upward momentum. Set a stop loss at
$83.50 to manage risk. Target the first profit level at
$88.00, near the 60D high, and a second target at
$89.00 for further upside potential. This plan leverages the current bullish indicators and maintains a favorable risk-reward ratio.
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