The Zoom Chart Has To Be Seen

Few charts can explain the euphoria and panic of markets more than this chart of Zoom.

We've also used Zoom at least once by now to make a voice and video call. It was the darling after the Covid lockdowns because it was leading the way for remote work.

The before and after can be easily seen just by looking at the chart. It was up 900% in a brief period of time!

Then... it dropped 90%.

The euphoria of remote work, fast growth, and easy money.

Followed by the return to normalcy and a crash of its price.

The question now is as follows: at what point is Zoom a value play? It remains the leader of video conferencing and still has a large, global customer base. They surely need to innovate and create more solutions.

Time will tell.

I have no position. Just watching the chart.

I do think a swing trade could set up as it drops even more. A quick rebound appears possible. Zoom would be foolish not to cut costs and attempt to buy some shares back down here.