Hubert Senters here.
Let’s take a look at Zoom. Obviously, it has a one day sell signal as their growth slows down. If the vaccine comes and if everybody gets it this stock will go a little bit lower so let’s talk about that.
You’ve got two options if you’re going to short it this would be an aggressive day to short it on one day below the cloud is aggressive.
Two bars below would be moderate then three would be more conservative. So if you can get two more bars below the cloud.
And if you can get the lagging line to go with you it will probably come back down here and test $370. You also have a gap right down here at $327.
And then you got the baseline at about $242 so those are going to be downwards target for Zoom if it continues to go lower unless there’s a hole another which I know we’re spiking with corona virus right now.
And we’re getting like a douple dip in the corona. If that happens this thing will go higher. If that does not happen and the vaccine gets out in time this thing will drop like a stone because there’s only so many people Zoom can sell their software to.
Technically, it’s a sell. Let’s talk about areas that you can pullback to if you want to be a pullback buyer on a retracement.
It will be from this low to that high and it would be approaching that area right there so if you’re the gambling type you’re like Zoom just goes up.
And if ever goes down then this will be your buy. If you’re a little bit more eat and kill and you play both sides of the market you could say let’s see the thing trade the next two or threee days.
And if it pick up stings to the down side I want to short it with a target around the area of about $270.
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Good luck. Hope it helps. See you on the next video.
Hubert.
