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From Zoom To Bust

Published 08/23/2022, 02:38 AM
Updated 07/09/2023, 06:31 AM

Let’s check Zoom Video (NASDAQ:ZM) after-hours, shall we?

Zoom Inc Daily Chart

What do they blame for their plunge? A strong US dollar. That’s who. Not the fact that video conferencing, Zoom’s only product, is offered by some of the largest companies in the world for absolutely free. It’s the US dollar.

Zoom was in the right place at the right time. Nothing more. The daily chart tells the tale.

Zoom Inc Stock Price Chart

But what do I know? I’m just a dumb old chartist. Let’s leave it to the Real experts to tell us where the price is going to go, like the unhinged Cathie Wood.

Article Excerpt

Cathie Wood's Price Target For Zoom

Latest comments

Spy breakout of down channel was fake. 5-6 straight weekly red candles incoming. Time to take a cheap European vacation on upcoming bear profits
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