Break-down through neckline could lead to >-50% downside.
Stock is still trading on > 130X current (Fy21) no-gaap eps guidance.
Don't get me wrong, It is a good company offering good product. ZM (and GSX) were the only 2 buy-and-hold stocks I suggested to my hedge fund clients in late 3Q19.
From a user perspective, (I am currently a CFO at startup doing M&A), most of the virtual meetings were done with ZM at the beginning and middle of the Covid pandemic. However, in the past month, virtual-meeting invites started showing "Cisco Webex", "Microsoft Team" and "Google Meet"; I actually think Google had the best quality. I am even looking into Zoho virtual meeting, which is the online accounting software we are using....can't help wonder how competitive is ZM's advantage in the long run.