Bull Flag
Earnings are 8-30 AMC. It is not unusual as of late to see pull backs when earnings get closer. And it is difficult to predict market reaction these days.
Hard one as I suppose a lot depends on the Political Flu, mandates and how much the administration and the media decides to scare folks this go around.
Would be a risky choice but the flag is there. Long term moving average, the 200 is sloping down but moving averages change just like any other indicator. The 50 SMA is sloping up and has crossed up and through the 100. The 100 looks to be trying to slope up. Price is above all 3 moving averages but the 50 should be on top and not the 200. It appears the 50 has provided support for ZM before it's recent pop to the upside.
A flag begins with a steep move up for a bull flag and a steep move down for a bear flag. A pull back ensues forming a downward channel. Long entry is considered a break of the trendline in the direction of the pole. High and tight flags often perform best. A flag needs to be a length that the pole can support.
No recommendation.
It is not always about being right or wrong. Trading is about how much you make when you are right and how much you lose when you are wrong. (o:
Hard one as I suppose a lot depends on the Political Flu, mandates and how much the administration and the media decides to scare folks this go around.
Would be a risky choice but the flag is there. Long term moving average, the 200 is sloping down but moving averages change just like any other indicator. The 50 SMA is sloping up and has crossed up and through the 100. The 100 looks to be trying to slope up. Price is above all 3 moving averages but the 50 should be on top and not the 200. It appears the 50 has provided support for ZM before it's recent pop to the upside.
A flag begins with a steep move up for a bull flag and a steep move down for a bear flag. A pull back ensues forming a downward channel. Long entry is considered a break of the trendline in the direction of the pole. High and tight flags often perform best. A flag needs to be a length that the pole can support.
No recommendation.
It is not always about being right or wrong. Trading is about how much you make when you are right and how much you lose when you are wrong. (o:
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