Zoom Communications, Inc.
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ZOOM Long

263
Zoom has been consolidating and forming a rounded bottom for a while. It is much cheaper now than before Covid and yet is a much stronger business so undervalued IMO. Either way, the chart looks like the downtrend is over and it has completed waves 1 and 2 of a new impulsive uptrend. Recent price action appears to have completed the retrace of wave 1 of 3, so we should expect a strong move up fairly soon; buying now means you avoid the agonising sideways chop long-term holders have had to deal with and still benefit from all the upside!

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