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Wfh

Zoom testing convoluted levelTechnical analysis From October 19th, we have seen a 26-trading-day downtrend. The second attempt to break the trend was at the 38.2% fibonacci retracement level, which failed. We are now trying to test the same downtrend line (Red arrow), while also testing the 61.8% fibonacci retracement level. The 50sma which is converging with the 50% Fib; which seems to have a heavy resistance weight. OBV is in a range. Rotation analysis Cloud/WFH stocks saw a big rally in response to the pandemic. With vaccine news, the gave some of it back. Looking at the ratio of Value vs Growth in the $SPX, we still haven't broken the uptrend; indicating strength is still in play in growth. I expect the small caps to continue to outperform if we get the stimulus that is anticipated in the next couple of months.
NASDAQ:ZM
by dorfmanmaster
ZScaler inside uptrend channel (Watching!)ZS has been behaving well inside the uptrend channel drawn. When we touch the upper part of the channel, we see a pullback to the lower segment line. RSI analysis suggests, we have difficulty going above the 70 level, however, the chart remains bullish whenever the RSI has been over the 43 RSI. A break below 40 in the RSI would be short-term bearish. -----> conditional Bull OBV has been trending upwards since the earnings gap-up we had May 29th. -----> Bull 50sma is lining up with the lower channel line, which could work as a support, and a buy entry with low risk.
NASDAQ:ZS
by dorfmanmaster