Zoom Video Communications (ZM) stock rose in its latest intraday trading, following profit-taking from its previous gains and attempting to unwind part of its clear overbought levels in the Stochastic indicators, especially as negative signals have begun to emerge. The stock remains influenced by breaking a short-term corrective upward trend line, while benefiting from dynamic support provided by trading above its previous 50-day SMA.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 75.70 holds, to then target the key resistance level of 88.90.

Todays price forecast: Bullish.