Bearish Triangle and Death Cross in Zoom Video: Technical Analysis

0
29

As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart.

First, the recent price action has resulted in a descending triangle , with support around $309. This is a classic continuation pattern, pointing to potentially more downside in coming weeks.

Second, the 50-day simple moving average is about to cross below the 200-day MA . In other words, a “death cross.”

For more, please click here to view the related idea and chart analysis on TradingView.

Zoom Video Communications (ZM), daily chart, with key patterns, courtesy of TradingView.
Advertisement #1 Trading Platform Technology - 8  years running!