Dec. 8 at 10:56 PM
Actionable Trade Alert for
$ZM:
Market Context:
$ZM closed at
$87.82, showing strength as it approaches its 60D high of
$91.04. The RSI at 67.01 indicates bullish momentum but is nearing overbought territory.
Directional Bias: The stock is above its 30-day (MA30=83.86) and 50-day (MA50=82.84) moving averages, suggesting a bullish trend. The price is currently in the upper range of its 60-day high-low spectrum, indicating potential for a breakout.
Trade Plan:
- Suggested Entry:
$88.50 (slightly above the current close to confirm upward momentum)
- Stop Loss:
$85.00 (below recent support levels)
- Take Profit Targets:
1.
$90.00 (approx. 1.7% gain)
2.
$91.00 (approx. 2.7% gain)
3.
$102.00 (approx. 16.2% gain, achieving over 17% ROI)
Monitor the trade closely, especially as it approaches the 60D high. Adjust stop loss to protect profits as targets are hit.
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