Hubert Senters here.
I just had a question from the viewer of what I thought about Zoom at this level? It looks ok. Overall, we’re still in the pandemic covid-19 thing and everybody is still using Zoom and Citrix and all that good stuff.
I did see that Citrix put up a nice little popular of the day. This pullback below the turning line to the standard line and close back above that as long as it can hold above this area of $253 it will be ok.
If it breaks below $253 and then I would definitely tighten up the stop-loss because that implies that it’s going to come back down here and re-visit the cloud somewhere. And it can be anywhere from this area to that area.
It’s not just going to drop like a stone. It could happen but the probability is lower for that. It will probably go at about 45 degree angle and end up around $220 to $240 that if it breaks $253.
If it stays above $253 you’re probably good north of $300. But if it breaks below $253 it’s probably going to drift down to $249 to $220 just keep at the back of your head.
Good luck. Hope it helps. See you on the next video.
Hubert.
