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 |
|
|
569.00 |
|
|
546.00 |
|
|
523.00 |
|
|
478.00 |
|
|
455.00 |
|
|
432.00 |
Example of calculation based on weekly trend direction for 1.00 Lot*
|
Zoom Video Communications |
||||||
|
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