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blue-chip

One NASDAQ: Listed Technology Stock at Resistance Level: Zoom Video Communication Inc

Nov 18, 2024 | Team Kalkine
One NASDAQ: Listed Technology Stock at Resistance Level: Zoom Video Communication Inc
Image source: shutterstock

ZM:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Zoom Video Communications Inc

Company Overview: Zoom Video Communications, Inc. (NASDAQ: ZM) provides an all-in-one intelligent collaboration platform. It provides a unified communications and collaboration platform that delivers fundamentally changes how people interact, connecting them through frictionless and secure meetings, phone, chat, content sharing and more. Its products are grouped under various categories: Core Communications, AI, Employee Experience, Customer Experience and Developer Ecosystem.

As per our previous US Daily Report published on ‘ZM’ on 29th November 2022, Kalkine provided an ‘Buy’ stance on the stock at USD 71.59 based on recent quarter results, the performance of recently launched products, the upside indicated by valuation and key risks and the stock price has now moved by ~13.34% since then and attained resistance 1.

Noted below are the details of support and resistance levels provided in our previous report:

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