Zoom. Most have heard of it and most have used it. it is one of the covid stocks of 2020 that has had a huge run up and lately it looks like every time a position is entered it is sold shortly after. The main reason is because it is potentially forming a double bottom base to shake out the weak holders for another 25% run. Below are the sales are earnings
Both the earnings and sales are expanding exponentially but the stock hasn't budged much since might be a sign of topping action. There is a potential buy point if it undercuts the B point low and comes back up, which is called a shake out + 3. We shall see the price action of this stock.
For more info on double bottom bases click here:
Thank you for reading the write up and be sure to tune in to Stocks Over Coffee for more insights!