Feb. 5 at 3:07 AM
Zoom Communications (
$ZM , 15-min, ~90.8): ZM is basing after a sharp selloff, with price holding the 86–88 demand (weak low)
and reclaiming short-term structure into equilibrium ~90–91; momentum has stabilized, but this remains corrective within a broader downtrend. The immediate upside is capped by 92.5–94 supply,
where prior breakdowns and moving averages converge, making that zone the likely seller response area; acceptance above 94 would open room toward 96–98, but until then rallies are vulnerable to fade.
As long as 88 holds, the bias is for range continuation and a grind higher, while a loss of 88 risks a quick rotation back into 85–83 demand.
