Dec. 10 at 3:08 AM
Actionable Trade Alert for
$ZM:
Market Context:
$ZM is currently trading at
$87.63, showing a strong bullish momentum with an RSI of 66.04, indicating it is nearing overbought territory. However, the price is above both the 30-day MA (83.98) and the 50-day MA (82.95), suggesting a bullish trend.
Directional Bias: The price action is supported by the recent high of
$91.04, which is 3.62% above the current price, and the low of
$77.42 provides a solid support base. Given the RSI and the position relative to MAs, we maintain a bullish outlook.
Trade Plan:
- Suggested Entry:
$87.63
- Stop Loss:
$84.70 (approximately 3.3% below entry)
- Take Profit Targets:
1.
$90.00 (2.71% gain)
2.
$92.50 (5.03% gain)
3.
$102.00 (16.37% gain)
The third target offers a potential ROI of over 17%. Monitor closely as the price approaches targets and adjust stop loss accordingly.
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