$ZM zm price action has been getting denied just below the 20 ema which is sign of a downtrend, however if you take note you can see buy volume growing (purple bars) we were able to break above the 20 ema last Friday with good volume, however it was short lived at the 26 ema 339, this a great example of baby steps being taken to break out of this downtrend, support has now returned to 250 ema just right above 325 another great long opportunity for buyers to step up and get us right back above both the 26 and 20 ema to confirm breakout if price stays above both ema. I am not looking at any fundamental aspect but rather a technical perspective using both price action and volume, IMO this great sign of growing demand being met by buyer conviction. $SPY $QQQ
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