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Zm

$ZM Bullish Descending Triangle$ZM Bullish Descending Triangle After blasting off after ER and subsequently filling the gap down, $ZM ran to make new all time highs at $530. Following this, $ZM has consolidated and formed a clear Pennant with support at the previous ATH level (resistance turned support) at $480 (and also at $463). What is interesting to note is that the light-blue line down the center of the pennant is more or less a resistance-turned-support line which is showing strength in the price action even as we pull back from the $530, ATH level. 5min Quite interesting to me that there's an island bottom on the 5min at previous all time highs. BTO $ZM $500c 10/9 avg $10 (Weeklies may be a bit greedy here. $ZM sport a high IV, therefore ITM options should be considered with $ZM. Would also consider $ZM 10/16 $480c
NASDAQ:ZMLong
by UnknownUnicorn7308096
3
ZM Bullish PennantZM has consolidated and formed a bullish pennant it is likely to complete or void in the next few days. Price depends a lot on virus news among other things. A break above the the pennant and break of 501.05 could lead to a gradual move to 544.67 by Oct 26. That move would be a continuation of an August uptrend that ZM still seems to be holding. A break below the pennant and 476.36 support could lead to more consolidation in its current range. It is important to note that RSI has been a strong sell indicator for ZM and it is nearing an overbought condition. If ZM were to selloff more and break 465.01 it could move further to 431.43 before more upside.
NASDAQ:ZM
by crawfordpaul
ZM w/ some Bearish Divergence, a Descending Triangle, & SMA TestI'm not an expert by any means, but unless some news comes out supporting the prolonging of "lockdown" or "quarantine" (promoting Working from Home for longer), I see ZM taking a solid dip, if not a dive if a daily candle closes below the 10-SMA. I'm seeing this idea supported in the RSI Bearish Divergence, Descending Triangle forming, and even the MACD indicating a change in momentum with not only the Crossover, but also an inflection point in the signal line beginning to slope downwards rather than upwards. Again, all it takes is some Breaking News or a NASDAQ rebound to cancel all of this out. But if that doesn't happen early next week, this is what I'm thinking...
NASDAQ:ZMShort
by blaze_trades
Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?Last time when I predicted $868, I considered Wave 2 as Wave 1 due to its impulsive action. When I recounted, I realized that I counted wrongly. You can see the sub wave count clearly for Wave 3 & Wave 5 (Maximize the chart) in the chart. Also, ZM bounced huge at 0.382 & 0.618 Fib levels and parabolic curve topped at $529.74. 1 Week RSI & Stochastic RSI Oversold. However, due to low selling pressure, low liquidity & higher manipulation we have to watch whether the Cup & Handle plays out or not. Next week we'll get the confirmation. Good Luck.
NASDAQ:ZM
by Gem-Hunter
2