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As Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart.
First, the recent price action has resulted in a descending triangle , with support around $309. This is a classic continuation pattern, pointing to potentially more downside in coming weeks.
Second, the 50-day simple moving average is about to cross below the 200-day MA . In other words, a “death cross.”
For more, please click here to view the related idea and chart analysis on TradingView.
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