Zoom Stock 🧐 Why it is still not Zooming in?

ZM stock has been trading stagnant around the $70 mark for a couple of months now,  apparently having found some support there.

With the coronavirus emergency over, Zoom product demand dropped and will likely continue to slow.  This makes it very hard to get upbeat about (ZM), amidst slowing growth and contracting margin . On the plus side, Zoom Video maintained strong profitability and cash flow. 

As of April 3, Zoom stock has no valid entry point. To be actionable, ZM stock needs to form a new base. But on the positive side, Zoom is still profitable, and it has a sizable war chest. Hopefully, there will be some big moves from management with that cash in 2023. For now, Zoom's problems are priced into its shares.