Let’s check Zoom Video (NASDAQ:ZM) after-hours, shall we?
What do they blame for their plunge? A strong US dollar. That’s who. Not the fact that video conferencing, Zoom’s only product, is offered by some of the largest companies in the world for absolutely free. It’s the US dollar.
Zoom was in the right place at the right time. Nothing more. The daily chart tells the tale.
But what do I know? I’m just a dumb old chartist. Let’s leave it to the Real experts to tell us where the price is going to go, like the unhinged Cathie Wood.