Zoom is back on the radar with a bearish to bullish reversal pattern. I'm watching for a weekly close above the 150day MA. This stock has had a few false starts, which may happen again. However, the lack of a break below $60 is encouraging and suggests lows are holding. First, we start with not going lower, then prices to move above the key moving average, and then break the critical level.
A break of $75 targets $120. Somewhere, we are building a wave 1 of the lows. Maybe it has already happened, and the latest low was a wave 2. Time will tell, but this stock looks very encouraging once again.
Cris
EWCafe