Vaccine Update: PFE announced extremely positive results today. Sending ZM plummeting and disregarding the current technical trend.
This isn't surprising as the value of the stock was highly speculative on the uncertainty of our future and covid.
Now we are entering a phase called "price discovery" This is when price action searches for an agreed price between buyers and sellers. It usually involves quick and sudden movements to new price levels and a lot of volatility.
Right now our first objective is to confirm our horizontal trendlines before we consider regaining any form of uptrend.
News will push this stock up or down and if you are in ZM you should be monitoring your positions closely!
ZM
This isn't surprising as the value of the stock was highly speculative on the uncertainty of our future and covid.
Now we are entering a phase called "price discovery" This is when price action searches for an agreed price between buyers and sellers. It usually involves quick and sudden movements to new price levels and a lot of volatility.
Right now our first objective is to confirm our horizontal trendlines before we consider regaining any form of uptrend.
News will push this stock up or down and if you are in ZM you should be monitoring your positions closely!
ZM
