IC Zoom Group Inc $IZM, the third highest percentage gainer of the day, has made stellar gains in the month April so far.
According to a Bloomberg company profile, CZOOM Group Inc. operates an e-commerce trading platform. The Company engages in sales of electronic component products. The company, which has its headquarters in Shenzhen China, offers integrated circuits, power driver modules, sensors, passive components, memory cards, display panels, cables, connectors, test tools, batteries, and switches.
The chart above shows the daily timeframe of $IZM and also some areas where price may regress to before continuing upwards.
The B2B electronic component products e-commerce platform, celebrated the one-year anniversary of its listing on the Nasdaq on the 25th of March, 2024.
Since then, continued to upgrade its proprietary self-developed SAAS system to enhance its platform services, led by CEO Mr. Lei Xia.
The company is mainly engaged in sales of electronic component products to customers in Hong Kong and mainland China via its B2B e-commerce platform. These products are primarily used by China-based small and medium-sized enterprises (“SMEs”) in the consumer electronic industry, Internet of Things (“IoT”), automotive electronics and industry control segments.
While bias remains technically bullish on this stock, better areas to buy probably sit around $22, $17.50, $15, $11, $10 and $8, if fundamentals align.
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