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Sunday, March 06, 2022

ZOOM: A Spectacular Parabolic Rise & Crash

* See UPDATE below...

Further to my previous posts on Zoom (ZM) here and here, its price has plunged to just 9 points above my target of 100.00, as shown on the following monthly chart.

The Sellers have remained firmly in control since it topped out at 588.84 in October 2020...with no signs that is about to change any time soon.

* UPDATE Oct. 21...

ZM continued its selling and closed lower today at 80.98

It's sitting around 11.74% higher from its IPO, after spiking to gains above 700%!