Zoom is already knocking on the door of $400 psychological.
Even though we have been going down pretty steep & wedgy and gave back 40% from the tops, Zoom managed to maintain the 50% Fibo Levels from the bull move up:
A break above $400 higher would lead to a more sideways consolidation from the ATH, instead of steep continuation. We can expect to run towards the upper $400 range to towads $500, so definitely a 20% profit potential from current levels.
Even though we have been going down pretty steep & wedgy and gave back 40% from the tops, Zoom managed to maintain the 50% Fibo Levels from the bull move up:
A break above $400 higher would lead to a more sideways consolidation from the ATH, instead of steep continuation. We can expect to run towards the upper $400 range to towads $500, so definitely a 20% profit potential from current levels.
