(Finance) – In sharp decline Zoom Video Communicationswhich shows a -5.02%.
The Californian company reported better fourth-quarter results than market expectations, but also admitted that the growth recorded in 2021 is unlikely to repeat itself.
The trendline of the stock on a weekly basis moves parallel to that of theS&P 100highlighting the fact that the movement of Zoom Video Communications it is under pressure from the market to which it refers, rather than from events related to the stock itself.
The medium-term trends of Zoom Video Communications is confirmed negative. On the contrary, in the short term, there is an improvement in the positive phase which reaches the most immediate resistance seen at USD 133.3. Support estimated at 121.3. Technically, we tend to benefit from a new bullish point estimated in the 145.3 area.