Zoom's Next Move: Breakout or Fakeout? Watching $83.95 With MACDZoom Communications, Inc.BATS:ZMdramos31Zoom Communications (ZM) ā Technical Setup Price recently broke above key resistance at $83.95 and is now retesting that level, which could act as new support. If this level holds, I'm anticipating a bullish continuation toward the next resistance at $92.72 ā representing a potential 10.4% upside. š Golden Cross: The 50 EMA has just crossed above the 200 EMA, signaling a longer-term trend reversal to the upside. š Indicators: MACD: Bullish crossover above the signal line and rising above the 0 line with green histogram bars ā showing early momentum. RSI: Hovering around 63 ā approaching overbought but still in a healthy uptrend zone. Stochastic: In overbought territory, but no bearish cross yet. Watching closely. š Volume: Breakout occurred on moderate volume. A pickup in volume would help confirm a continuation. š» If $83.95 fails to hold as support, Iām watching the next key level down at $78.23 (~6.8% downside) as a possible retracement zone. šÆ Plan: Watching for price action and volume around $83.95. A strong bounce here could trigger a long entry targeting the $92 zone, with a stop below the support. Let me know your thoughts in the comments ā do you think support will hold, or is this a false breakout?