Zoom Video Communications Inc.

• 2021-06-09
• Traiding Idea

Zoom Video Communications. Inc. is a company in the field of communications technology based in San Jose, California. The company provides teleconferencing, telecommuting, distance education and social relations services. The company has been thriving since the start of the pandemic due to increases in teleworking and distance education. This is confirmed by the company’s recent financial reports.

Regarding technical analysis, the price seems to be breaking a falling wedge pattern. We are waiting for it to be broken and the pullback to occur.

Summary:

Entry conditions: breakage of wedge pattern and pullback

Status: waiting