Dec. 17 at 2:38 AM
Actionable Trade Alert for
$ZM:
Market Context:
$ZM is currently trading at
$88.0, showing a stable position above its 30-day moving average (MA30) of
$84.52 and 50-day moving average (MA50) of
$83.63. The RSI at 55.0 indicates a neutral to slightly bullish sentiment, suggesting potential for upward movement.
Directional Bias: The price is approaching the 60-day high of
$91.43, which could act as a resistance level. However, the current position above the MAs and the RSI indicates that there is room for upward momentum.
Trade Plan:
- Suggested Entry:
$88.50
- Stop Loss:
$85.00 (risking
$3.50)
- Take Profit Targets:
1. TP1:
$91.00 (3% gain)
2. TP2:
$93.00 (5.6% gain)
3. TP3:
$103.00 (16.95% gain)
This plan offers a potential ROI of over 17% on TP3 while maintaining a reasonable risk-reward ratio.
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