CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 - 12/11/2020

12 November, 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:

  • The stocks of Zoom's fell on Monday and Tuesday as investors processed the news that Pfizer's coronavirus vaccine candidate is more than 90% effective and that the company could potentially have 1.3 billion doses available sometime next year.
  • Shares of Zoom rose yesterday as investors began slowly coming back to technology stocks after a two-day sell-off. Zoom Video's stock jumped by as much as 9.9%. The gains from yesterday add to an astounding year for Zoom's stock, with shares gaining 470% year to date.
  • 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, November 12, 2020
Current Price: 420.00

Zoom

Weekly

Trend direction

UP

Resistance 3

515.00

Resistance 2

495.00

Resistance 1

455.00

Support 1

385.00

Support 2

350.00

Support 3

335.00

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 $

47,500.00

37,500.00

17,500.00

-17,500.00

-35,000.00

-42,500.00

Profit or loss in €**

40,006.74

31,584.27

14,739.32

-14,739.32

-29,478.65

-35,795.50

Profit or loss in £**

30,451.16

28,543.16

13,320.14

-13,320.14

-26,640.28

-32,348.91

Profit or loss in C$**

61,840.25

48,821.25

22,783.25

-22,783.25

-45,566.50

-55,330.75

* 1.00 lot is equivalent of 500 units
** Calculations for exchange rate used as of 14:00 (GMT) 11/12/2020
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

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