Zoom Video Communications Inc. upward opportunity based On 1.00 Lot Calculation:
- Zoom Video Communications Inc. is a cloud based service that provides its customers with video conferencing and web meetings. The pandemic driven lockdowns have driven the platform into the spotlight and it has become synonymous with working from home. It is available around the world.
- The omicron variant is spreading rapidly around the world. Companies such as Apple and Alphabet's Google have responded by delaying their plans to return to their corporate offices. Due to the uncertainty surrounding omicron and this latest COVID-19 surge, many businesses are instructing their employees to prepare to work from home for an indefinite period. While countless companies' sales and profits are likely to be dented by a frightening new wave of COVID-19, Zoom could see higher demand for its cloud-based communications solutions.
- Zoom experienced staggering growth during the early stages of the pandemic when businesses quickly deployed their video chat software so their employees could more easily communicate while working from home. Zoom revenue and profit growth could reaccelerate in the months ahead.
- STOCK PRICE ACTION: The shares is currently trading around $200. The record high reached in October 19, 2020 is $588.74. The current upside potential is around 194% to reach that level.
Zoom, December 20, 2021
Current Price: 200.00
|
Zoom |
Weekly |
|
Trend Direction |
|
|
301.00 |
|
|
271.00 |
|
|
240.00 |
|
|
160.00 |
|
|
130.00 |
|
|
100.00 |
Example of calculation base on weekly trend direction for 1.00 Lot*
|
Profit or loss Short in $ |
50,500 |
35,500 |
20,000 |
-20,000 |
-35,000 |
-50,000 |
|
Profit or loss Short in €** |
44,857 |
31,533 |
17,765 |
-17,765 |
-31,089 |
-44,413 |
|
Profit or loss Short in £** |
38,327 |
26,943 |
15,179 |
-15,179 |
-26,563 |
-37,948 |
|
Profit or loss Short in C$** |
65,312 |
45,912 |
25,866 |
-25,866 |
-45,266 |
-64,665 |
* 1.00 lot is equivalent of 500 units
** Calculations for exchange rate used as of 12:25 a.m. (GMT) 20/12/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details