Signal Update
Our system’s recommendation today is to STAY SHORT. The previous SHORT signal was issued on 12/10/2021, 7 days ago, when the stock price was 186.7800. Since then ZM has risen by +6.94%.
Market Outlook
It was definitely a day of high anxiety for shorts watching the sudden bullish move. The bulls now have the upper hand in the market. This bullish enthusiasm caught us off guard without the forewarning of a bullish pattern. Our previous SHORT signal didn't work out. This happens. Sometimes, candlestick patterns falter. We owe you an apology for that, but this is exactly what we have the stop loss mechanism for. The bullish stop loss of the last bearish pattern is triggered today. The current share price is already above the stop loss level, but the signal is still suggesting to STAY SHORT. The BUY signal requires a white body whose close is above the stop loss level and the chance of detecting such a white candlestick is very high. The Delayed Intraday Module is ON. To follow the price action on an intraday basis is now essential, in order to minimize the incurred losses.