CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Zoom Video Communications

Market Opportunities - 12/10/2020

12 October, 2020

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Zoom Video Communications uptrend opportunity based On 1.00 Lot Calculation:

  • Zoom Video Communications 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.
  • Zoom is hosting Zoomtopia on October 14th and 15th. Zoomtopia is Zoom’s annual user conference. The company will be announcing its latest products, newest technology, and sharing financial guidance with analysts from around the world.
  • Zoom is a direct beneficiary of corporations shifting to remote work. Even as lockdowns are lifted, more and more companies are now seeing less value in expensive city center offices. Employees are also discovering they do not need to live in expensive cities. Gallup recently reported that 26% of American workers are working from home. Zoom’s robust application is an integral part of this seismic shift in how Americans work.

Zoom, October 12, 2020
Current Price: 500.00

Zoom

Weekly

Trend direction

UP

Resistance 3

569.00

Resistance 2

546.00

Resistance 1

523.00

Support 1

478.00

Support 2

455.00

Support 3

432.00

Example of calculation based on weekly trend direction for 1.00 Lot*

Zoom Video Communications

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

34,500.00

23,000.00

11,500.00

-11,000.00

-22,500.00

-34,000.00

Profit or loss in €**

29,202.64

19,468.43

9,734.21

-9,310.99

-19,045.20

-28,779.41

Profit or loss in £**

26,374.13

17,582.75

8,791.38

-8,409.14

-17,200.52

-25,991.90

Profit or loss in C$**

45,626.25

30,417.50

15,208.75

-14,547.50

-29,756.25

-44,965.00

* 1.00 lot is equivalent of 500 units
** Calculations for exchange rate used as of 14:30 (GMT+1) 12/10/2020
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account 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 Senior Account Manager for more details

Share It With Your Network
Zoom Video Communications Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now