TRADING TIPS

ZM Pullback Buy Area

Hubert Senters here. Let’s take a look at Zoom stock. Obviously this has been a great stock for covid pandemic. It has been going straight up and now it’s giving you the opportunity to buy on a pullback so. Let’s measure the pullback based upon the most recent low so you could draw it here at this point right here. You do it right here o you can go right here. This one stands out to my eyes so I’m going to draw up there and I’m going to work off of that one. So I’m going to take a Fibonacci retracement line. I’m going to click at the bottom here.  And then I’m going to drop it at the top. Now, that will allow me to know where a 50 percent retracement. I’m going to put a bid depending bid to buy it at $228-ish, $228.60-ish. Right there that’s where I would place a bid to get long with the tight stop of $228 and then my target would be $261. Good luck. Hope it helps. See you on the next video. Hubert.

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