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Zoom Video Communications, Inc. ( $ZM ) is one of the best stock to buy and offering possible buying price between $106.09 – $111.39, as of June 24th, 2019. Let’s look at the stocks technical actions using a daily chart.
2. The stock formed the 1st IPO consolidation, as it made some price progress.
3. Then the stock moved sideways and formed the 2nd IPO consolidation and brokeout.
4. But, it started to recede and gave up all the breakout gains.
5. The stock finally staged a breakout in solid volume, as well.
6. Then it moved sideways and formed/forming the 3rd consolidation.
7. The potential buying price would be $106.09 – $111.39, with a stop loss at $97.60.
