Technical Analysis:
Based on technical Analysis there are the following two options:
1. Breakout of the top trendline - Bullish Market will be resumed - Wait one more day to confirm the breakout or wait to get the 3% penetration. (55%)
2. The prices will bounce back in the triangle pattern - Price retracement option. (45%)
The option 1 and 2 might be influenced by the EARNIG REPORT RESULTS.
Fundamental Analysis
Zoom Video Communications (NASDAQ:ZM) will report its first quarter earnings for its 2021 fiscal year after the market closes on Tuesday, June 2. Analysts are expecting $0.13 a share profit on projected revenue of $276 million.
Based on technical Analysis there are the following two options:
1. Breakout of the top trendline - Bullish Market will be resumed - Wait one more day to confirm the breakout or wait to get the 3% penetration. (55%)
2. The prices will bounce back in the triangle pattern - Price retracement option. (45%)
The option 1 and 2 might be influenced by the EARNIG REPORT RESULTS.
Fundamental Analysis
Zoom Video Communications (NASDAQ:ZM) will report its first quarter earnings for its 2021 fiscal year after the market closes on Tuesday, June 2. Analysts are expecting $0.13 a share profit on projected revenue of $276 million.