ZOOM Earnings Hype

n a little more than a week ZOOM has their new earnings call for Q3 2020. Investors are taking notice and have started to buy up shares aggressively.

Trading earnings is a difficult and risky business, my advice would be to ride the wave and exit before the earnings take place. Much less stressful and risky.

Consider Resistance 1 as the main resistance in the coming week. If the price action remains exceptionally bullish, Resistance 2 could be reached, but I doubt that. Resistance 2 would be the new target if the earnings are very positive. It's unlikely that Resistance 2 would be reached before earnings.