$ZM Zoom Video Overbought

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ZM Zoom (fad stock) Overbought - beginning to reverse once again for a lower high than mid-March. See chart for near and medium term targets.

I don't see how this company has any sort of a moat or long term competitive advantage. The functionalities of its service are fairly simple and easy to compete with by larger players like Cisco, Google, Facebook, etc. This stock will be permanently back under $100 within 3-6 months. Reminds me a lot of when Stitch Fix was hitting near 50...that stock is now in the teens.