Dec. 15 at 6:11 AM
Actionable Trade Alert for
$ZM:
Market Context: The current market for
$ZM shows a strong bullish sentiment, indicated by an RSI of 77.32, suggesting overbought conditions. However, the price is still below the 60D high of
$91.43, providing room for upward movement.
Directional Bias: The price is trading above both the 30-day MA (84.49) and 50-day MA (83.38), confirming a bullish trend. The recent close at
$89.52 is close to the 60D high, indicating potential resistance but also a target for profit-taking.
Trade Plan:
- Suggested Entry:
$89.52
- Stop Loss:
$86.57 (approximately 3% below entry, based on ATR)
- Take Profit Targets:
1. Target 1:
$91.00 (2% gain)
2. Target 2:
$93.00 (4% gain)
3. Target 3:
$104.00 (16% gain)
Target 3 offers a potential ROI of over 17%, aligning with our strategy. Monitor the price action closely, especially around the targets.
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