We are looking at Zoom (ZM) right now. This stock has obviously benefited a lot due to the COVID-19 and the various lock-down imposed by many countries all around the world.
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From our technical standpoint, assuming the bull-run continues, we are looking at an initial resistance at $287.35. If this level is being taken over, we are watching an important psychological level of $300, and to be precise, our next resistance level is at $302.96.
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Good trading!
From the Desk of NinjaSingapore
19 August 2020