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Zoom Video Communications Technical AnalysisTechnical Analysis: Based on technical Analysis there are the following two options: 1. Breakout of the top trendline - Bullish Market will be resumed - Wait one more day to confirm the breakout or wait to get the 3% penetration. (55%) 2. The prices will bounce back in the triangle pattern - Price retracement option. (45%) The option 1 and 2 might be influenced by the EARNIG REPORT RESULTS. Fundamental Analysis Zoom Video Communications (NASDAQ:ZM) will report its first quarter earnings for its 2021 fiscal year after the market closes on Tuesday, June 2. Analysts are expecting $0.13 a share profit on projected revenue of $276 million.
NASDAQ:ZMLong
by Mauriello
1
THE WEEK AHEAD: ZM, IWM, EWA; VIXEARNINGS: ZM (64/88) announces earnings on Tuesday after market close with the June 20-delta 155/220 short strangle paying 9.40, the 145/155/220/230 paying 3.50 with after hours markets showing wide, however. EXCHANGE-TRADED FUNDS SCREENED FOR 30-DAY IV >35% AND SHOWING JULY SHORT STRADDLE PRICE AS A FUNCTION OF SHARE PRICE: SLV (48/36), 10.0% EWA (47/38), 9.0% EWW (41/40), 10.3% XBI (39/42), 11.2% GDXJ (38/56), 15.3% GDX (37/46), 12.4% TQQQ (36/89), 21.0% XLE (32/44), 11.4% EWZ (31/50), 13.3% SMH (30/38), 10.2% XOP (21/56), 15.1% USO (18/69), 17.7% BROAD MARKET SHOWING JULY SHORT STRADDLE PRICE AS A FUNCTION OF SHARE PRICE: IWM (45/39), 10.2% QQQ (27/28), 7.3% EFA (27/25), 6.4% SPY (26/27), 6.8% DIVVY EARNERS WITH JULY SHORT STRADDLE PRICE AS A FUNCTION OF SHARE PRICE: EMB (22/17), 4.1% EFA (27/25), 6.4% EWZ (31/50), 13.3% TLT (19/18), 4.5% EWA (47/38), 9.0% IYR (39/32), 8.5% XLU (34/25), 6.7% HYG (26/16), 3.7% SPY (26/27), 6.8% Notes: One thing you'll notice right off the bat is that the ranks of all of the shown exchange-traded funds are in the lower half of their 52 week ranges, so it may be a time to hand sit, dry out powder, and work various broken plays you may have on and that still need work versus getting into new stuff in a less than ideal premium selling environment. For longer time horizon players and investors, the next high risk event will likely be (no surprise here) the November elections, so it makes sense to have buying power free in the event that it proves to be something more than a "nothing burger" from a volatility perspective. I'd particularly like to have another go at some of these dividend earners, none of which I've been able to pick up shares in since laddering out short puts at maximal implied volatility.
TVC:VIX
by NaughtyPines
Twlo bounce play What is TWLO? Twilio Inc ., together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, and video capabilities into their applications. Entry $180 Target 185 stoploss 177
NYSE:TWLOLong
by WallSt007
Tesla May Rip Toward $1000Yesterday, U.S. equities closed in the positive after posting losses early in the trading session. It was an impressive rally off the lows, with strong buying across the board. Notably, market leaders such as Tesla and Zoom were able to hold support during the decline, further cementing the bullish case for more gains in the coming weeks. This morning we look at Tesla (TSLA), Zoom (ZM) and the SPDR S&P 500 trust (SPY). Elon for President Elon was all over the news this week when news broke that he was reopening the Tesla Fremont factory despite restrictions. This act was viewed as heroic and as stupid by others. In my view, go Elon! Below is the daily chart of TSLA. I am on the record of being bearish TSLA two weeks ago. I'll never hide a call here. I was wrong! What we see on the chart is obvious consolidation and higher lows being established. There is a lower high, but I chuck that out as FOMO buyers. With volume in decline, along with price being supported by the 20 SMA and the appearance of an ascending triangle. The TSLA chart primed for continuation to the upside. The question now remains, how much upside? Above, is a 4-hour chart of TSLA. Here, I place my proposed Elliott wave count. If you are not familiar, wave 4 consolidations tend to be triangular. TSLA is within a potential ascending triangle and could be setting up for one last push higher before a correction. I think the TSLA chart will test and potentially break its all-time high. The 1000 psychological resistance could be a logical area where selling comes in strong. This morning I look to buy any dips. Bias: Bullish . Zoom Remains a Leader I have been watching ZM very closely over the past week and full disclosure, I have bought some stock as of yesterday. Sometimes simple is better. The chart below is ZM on the 4-hour. Another ascending triangle . There are probably loads of other stocks with this same pattern but the reason why I like ZM and TSLA is because eyes are all on these companies. People want a piece of what is hot. If price ends up breaking out to the upside with only blue skies above... just use your imagination. Bias: Bullish . Sorry Bears The only explanation of what is happening in the stock market is irrational exuberance. Instead of fighting it, let's play it to our advantage. Below is the 4-hour chart of the SPY. The buying off the low yesterday suggests that the interim low is in and the trend remains intact in favor of the bulls. More proof? The charts above. The market leaders have not retreated nearly as much as a bears would have wanted. It is simply too difficult to trade this market to the downside. Don't over think it. Bias: Bullish . I'll be back later today with an analysis on the weekly candle close. Happy trading!
NASDAQ:TSLALong
by DailyClose
5
Litecoin Hinting at Bitcoin's Next Move?Happy Bitcoin halving! If you haven't heard, Bitcoin underwent its third network halving, which means that now for every block discovered, only 6.25 Bitcoin will be rewarded. It is a great day to be a crypto enthusiast. Alright, let's get right to it. So, U.S. markets continued to show strength at the start of the session and fade towards the end. I feel as though this is becoming a trend. What propped the market up? Apple, Inc. (AAPL). Apple is attempting to blow through resistance and is only 4% away from matching its all-time high. Apple is now a must watch the rest of the week. Now let's look at some charts I got my eye on: Zoom Video Communications, Inc., Litecoin, and Bitcoin. Zooming to the Moon! Zoom (ZM) is really setting up a pretty ascending triangle pattern. On the daily chart below you can see how ZM is now testing resistance for a third time in less than a month. Normally a bullish pattern, the ascending triangle target would be 227. However, despite the beautiful set up. A breakout may be premature. Chaikin money flow (CMF) on the daily is lagging within the negative. I would feel more comfortable buying a retest of the triangle or if ZM pulls back toward 150. Nevertheless, this is a no brainer and an extremely bullish chart. Bias: Bullish . Litecoin Hinting on Bitcoin Relief Rally? Sometimes I turn to the altcoins to get clues on the next Bitcoin direction. It isn't a bad thing to do once in a while. Bitcoin is a tough asset to trade and any additional clues you can gather from the crypto space is a plus. Below is the Litecoin (LTC) daily chart. Here, I am looking at LTC's support. It is now being tested for a third time. Sure, support should be weakening. I do eventually suspect this support to break, whether it is tonight or a month from now. If LTC can consolidate at this level I am confident Litecoin and Bitcoin will rally from this point. Of course, we need to check out what the King is doing. Below is the 4-hour chart of Bitcoin (BTC). Currently, it is very unclear. I posted earlier that there was an inverse head and shoulder bottom on the 1-hour chart. I warned that lower time frame patterns such as those tend to fail more often than not. Guess what? If failed. Now, we can argue that there is a bear flag developing. Though, it may take into the evening for volatility to wane and create a more clear picture. Keep in mind, BTC > LTC when it comes to analysis. So for now my bias remains... Bias: Bearish . Again, Happy Halving! I bought my first Bitcoin back in February 2016. I will never forget how exciting it was to send my first transaction to an exchange and to begin my journey trading. It is truly is a remarkable achievement that Satoshi Nakamoto accomplished and I am thankful to have met so many people within this space. Now, remember, no matter how bearish I get on Bitcoin I will always be a bull in my heart for the long haul! To the moon!
COINBASE:BTCUSD
by DailyClose
2
ZOOM Video Communication - Short term - GO SHORTShort Term go short Long Term go long but wait for the right signal - Bullish Market on 1h, 4h or daily chart Fundamental Analysis: Facebook Issued Meet video conferencing free to all users, challenging Zoom. Zoom Does not have 300M Daily participants but 300M people attending the meetings meaning that if a user has 10 Zoom meetings a day, that would count as 10 participants. Zoom is also competing with technology heavyweights including Microsoft's Teams, Cisco's Webex and Alphabet's Google Meet. Yesterday, during its earnings call, Microsoft claimed that Teams has over 75 million daily active users. Google Meet, on the other hand, says it is is gaining 3 million DAUs every day and topped the 100 million-mark in terms of meeting participants.
NASDAQ:ZMShort
by Mauriello