Zoom Target Buy Levels

Shares of Zoom Video Communications (ZM) soared on earnings, jumping over 40%. The stock was insanely overbought and is currently correcting. The first target to begin accumulating a long position is $325.00. This is the gap fill from the day prior to the earnings surge. If the stock market continues to correct, expect further downside in Zoom. The second accumulation target is $280.00 As a swing trader, I was short with members when it was at its highs. We took profit and I am patiently waiting for these levels to begin accumulating a long position with members. This is classic swing trading in a wild market. Note the stock chart below…

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