ZM - Wave 5 Not completed yet. Final Target - $868
Updated
ZM still in Last Final Wave 5. It's completed two Sub Waves and currently in Sub Wave 3 of Wave 5. Final Target - $868
Note
I can understood in perspective valuation which too much high for ZM stock. But in reality, stock price depends on buying & selling pressure. Elliot Wave theory, has 5 impulse waves to upside/downside depends on the price action. In ZM stock, 4 waves have been completed and last wave which is Wave 5 is in action now. Wave 5 is divided into 5 sub waves again where we are sub Wave 3 right now.
Currently in cup & handle pattern. Also check RSI, Stochastic RSI & MACD.
Note
Guys, I'm not publishing micro charts but just want to say that we are in Wave 4 of Sub Wave 3 and will let you know when sub Wave 4 has completed and then long Sub Wave 5.Note
Wave 4 of Sub Wave 3 likely to end at $440-$420. Any drop below $390 will invalidate the pattern.Note
Seems like Wave 4 is completed (Bulls should thank to new stimulus bill). Currently in Sub Wave 5.Order cancelled
I'm sorry, looks like this is a wrong Elliot count. So, closing the idea.Order cancelled
Below is the updated chart:
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