Zoom returns higher - Analysis - 07-06-2022

Zoom's tock (ZM) returned higher amid support from the 50-day SMA, while buoyed by piercing the downward trend line previously, marking a profit of 1.45%, or 1.59 points, and settling at 111.01, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more gains for the stock, targeting the first resistance at 127.37, provided the support of 94.50 holds on.

Expected trend for today: Bullish