Dec. 6 at 1:56 AM
Actionable Trade Alert for
$ZM:
Market Context:
$ZM is currently trading at
$86.58, showing a relatively stable position within a 60-day range of
$77.42 to
$91.04. The RSI at 56.75 indicates bullish momentum, suggesting the potential for upward movement.
Directional Bias: The price is above the 30-day MA (83.58) and the 50-day MA (82.7), indicating a bullish trend. The current price is also closer to the 60-day high, which supports a positive outlook.
Trade Plan:
- Suggested Entry:
$86.58
- Stop Loss:
$83.63 (below the 30-day MA)
- Take Profit Targets:
- TP1:
$89.00 (3% gain)
- TP2:
$91.00 (5.6% gain)
- TP3:
$101.00 (16.6% gain)
With a potential ROI of over 17% on TP3, this trade offers a favorable risk-reward ratio. Monitor the price action closely and adjust the stop loss as needed to secure profits.
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