A Dynamite Triangle in This Work-From-Home Leader...

ZM looks ready to bust higher… October 01, 2020 UNSUBSCRIBE |ARCHIVE COVID Is No Joke: “I hear them laughing…” His NYC comedy club is STILL banned from reopening its doors — so how can he survive? “I hear them laughing… they think I’m up to my eyeballs in debt, but what they don’t know is I own this place free and clear. And I paid for it with the most powerful moneymaking secret EVERYONE should know…” Find out how this stand-up comedian is using a little-known secret to earn passive paychecks… and laughing all the way to the bank >> A Dynamite Triangle in This Work-From-Home Leader... Dear Chart of the Day Reader, Today, we’re going to take another look at Zoom Video Communications, Inc. (ZM). ZM provides a video-first communications platform for clients all across the world. When we last took a look at ZM’s chart of the day, it was heading into resistance back in the high 200s. Since then, the stock has been on an absolute tear, as the work-from-home sector continues to get a boost from the shutdown. Is ZM finally ready to slow down? Let’s take a look at the daily chart below and see what it says… Well, ZM has slowed down… at least for a few trading sessions. It’s in a tight coil just below all-time highs, which is bullish. This is sometimes referred to as a “dynamite triangle,” because it could explode to the upside. This means we can start watching for a buy signal, provided the dynamite triangle plays out as expected and we get continuation to the upside. Trade Smart, Michael Saul Analyst, Chart of the Day Are You Ready for the Great Depression of 2020? According to some economists we’re already in a recession… But now a former CIA and Pentagon advisor is saying this is just the beginning of something much, much worse. And he’s urging  Americans to take these FIVE STEPS to protect their wealth and their loved one. Click here to see all the details. If you are having trouble receiving your Chart of the Day subscription, you can ensure its arrival in your mailbox by whitelisting Chart of the Day. © 2020 by Chart of the Day. All rights reserved. This newsletter may only be used pursuant to the subscription agreement, and any reproduction, copying or redistribution (electronic or otherwise, including on the World Wide Web), in whole or in part, is strictly prohibited without the express written permission of Laissez Faire Books LLC, 808 Saint Paul Street, Baltimore, MD 21202-2406. To end your Chart of the Day e-mail subscription and associated external offers sent from Chart of the Day, click here to unsubscribe. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. If legal advice or any type of assistance is needed, please seek the services of a competent professional. This material, produced by Chart of the Day, is for informational purposes only. All technical information, instruction, and advice, reflect the beliefs of Chart of the Day and are intended as informational only. Chart of the Day is committed to protecting and respecting your privacy. We do not rent or share your email address. By submitting your email address, you consent to Laissez Faire delivering daily email issues and advertisements. Please read our Privacy Statement. EMAIL REFERENCE ID: 401CODED01