ZOOM - ZM - ZOOM Video Communication - Long Term Bullish MarketThe Target Price has been reached - Circa 168.90
The Long term Market is Bullish
A new Short Term Price level of 161.00 could be reached.
I would wait before going long.
Zm
ZOOM $ZM - Weak Chart + Fundamental catalyst - MUST SEETicker:
$ZM ZOOM
Notes:
Zoom - possibly going to come back below a descending resistance that it broke above on Thursday. Fundamentally, Facebooks announcement of their competitive offering to $ZM is going to help this SHORT!
xeenos trading - sending positive energy to all those watching
ZOOM VIDEO COMMUNICATIONS INC (ZM) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
$ZM Launches on Fresh Breakout as User Data SoarsZM with another clean breakout as global user data blasts off to 300M on the service during the pandemic lockdown.
The cloud and MAs are trailing. It's tough to chase, but easy to hang on if you bought the MA cross setup earlier this month.
Daily Review: ZM, SNAP and SPYToday, U.S. markets ended flat despite starting off the session on a positive note. Although the close was bearish, could there be a bullish case hidden? Let's see what we can find assessing ZM, SNAP, and SPY.
Bull Market in the Cards?
We begin today with possibly the strongest performing stock of the day, Zoom. As you can see, Zoom is obliterating its previous high. The Momentum is clearly behind Zoom and on RSI, you could see that Zoom has respected its RSI 'bull market' support level. There is no denying Zoom can continue to push new highs as long as its product is in demand. With second and even third waves of COVID-19 possible. Is it impossible to think a vast majority of the Global workforce works from home? Still, I would be cautious buying these levels. Bias: Bullish .
I won't lie, I am not a fan of Snapchat and I'll will save my reasons for another day. However, the chart though...wow. Full disclosure, I missed this one. I should have posted yesterday warning not to buy just yet, but if you hadn't picked it up by now my bias is bullish.
The SNAP chart has two BIG things going with it. First, the obvious 151-week inverse head and shoulder. The measured target of which is $35. The second is that we have a clear Elliott wave 1 and 2 established as seen by the count. The wave 2 especially, retraced into the 0.618 fibonacci, a popular retracement level. In combination with expanding volume, SNAP could be in the beginning of the strongest wave, 3. First target is around $40. Overall, there is not very much to dislike about the SNAP chart. Bias: Bullish .
Uncertainty
Despite the market going on an unprecedented rally off the March lows there is a reason to be concerned going into the weekend. Today, the markets did not follow through on a promising start to the morning. I mentioned yesterday that I would be a buyer of the dip. Today, I am not so certain I would be anymore. Above is the weekly view of the SPY. This week it is turning out to be an inside bar, trading within the high and low of the previous week. What's that tell me? Uncertainty.
It's no surprise. With States deliberating the next steps on how to handle the re-opening of the their economies there is uncertainty and caution abound. Bulls should do the same. Not shown here, but on the daily charts of the major indexes, the first lower highs have been established. Bias: Bearish .
Just over 30% off the lows, it is not ill conceived that the markets pull back a bit here (or a lot). Tomorrow's weekly close will provide a lot of insight on how to trade next week. I will review Ethereum and Bitcoin going into the weekend, as I do suspect some trickery to take place while futures markets are closed over the weekend.
Zoom Communications (ZM) - Wedge PlayZM Communications has received plenty of negative if publicity over the last couple of weeks. We can see here that technical's have made a second rejection off the upper band signaling a short position setup.
Stops should be placed above the upper band, profit taking can take place at lower band, or hold to see lower band rejection.
ZM: 03-14 projection update for next 4-6 weeksUpdating our ZM projection after the big run - there are 2 possible scenarios, a continuation (upward) and a reversal down after distribution - both explained on the chart.
issue is, we still don't have much information to confirm either one or the other - so will need to update later - maybe in a week or 2 after the move reveals itself
now ZM had had a big run given they benefit from the increasing demand on "remote work" and "distant learning" globally with the CV-19 situation - but the thing is, the price became way over-inflated and started to show continuous signs of weakness - possibly due to profit taking - if i hold ZM i would definitely sell it now after a 50% gain in just 3 weeks, then wait for the next wave - lock that revenue in my P&L - that would explain why ZM hasn't been reacting positively to "recovery days" like other tech stocks. that alone would make a short-term distribution scenario more possible - but the long term is still bullish and the demand is expected to continue, but once the fundamentals are "corrected" vs current inflation. either ways, it's strongly advised to wait for a confirmation of whatever ove we get, and make more research before making any trade decisions here. the market is too volatile and requires a lot more rigor in risk aversion.
comment and feedback welcome.
$ZM Zoom Video Overbought$ZM Zoom (fad stock) Overbought - beginning to reverse once again for a lower high than mid-March. See chart for near and medium term targets.
I don't see how this company has any sort of a moat or long term competitive advantage. The functionalities of its service are fairly simple and easy to compete with by larger players like Cisco, Google, Facebook, etc. This stock will be permanently back under $100 within 3-6 months. Reminds me a lot of when Stitch Fix was hitting near $50...that stock is now in the teens.
ZOOM (ZM) - Opportunity to SELLHey everyone, here's the analysis on Zoom. If you find this insightful, please follow and like our idea, also leave a comment on ideas you would like to see next!
Summary:
Current price is within our resistance zone and it could drop lower to our S1 zone between 123.60 - 128.50. If price breaks below the S1 zone, it could drop further to our S2 & S3 zone.
Action:
Sell Limit: 144.00
Stop Loss: 150.00
Take Profit: 128.50
Analysis:
R1 is a key resistance zone on the daily chart and a previous breakout zone. Given that current price is within the R1 zone, we could see a drop to our S1 zone. S1 is also a key support zone on the H4 chart, hence, we will not play a move beyond that. However, if price breaks below our S1 zone, it could drop to our S2 & S3 zone.
Disclaimer: There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. Trading BEAN and all individuals affiliated with this site assume no responsibilities for your trading and investment results. All contents featured here are solely for educational purposes and ARE NOT investment or trading advices. Please do your own due diligence and trade at your own risk.
$ZM Sprints to Retest Highs Following Strong Shakeout to the 50ZM shares are back flirting with new highs after a pullback to check the 50-day MA, where it logged a conspicuous RSI bullish divergence on the higher-low in price with the lower-low in RSI print. In other words, the weak hands were well and truly shaken out.
ZOOM I like Zoom Video Communications (ZM:US) here, go Long at $110, 1st profit target (short term) at $125-$130, then $160.
Pro Reasons:
Work From Home (WFH) requires Video Conferencing (VC), with companies in forced lockdown, numbers are spiking exponentially!
VC App with biggest Market Share, most downloaded App in the space, week 26Mar-1Apr 3.2m downloads in US alone. (worldwide is MUCH bigger)
Market leader in "FREEMIUM" business model in VC space. (Free to use for basic, Pro or Premium requires a sub.)
VC for individuals easy for any platform, business requires screen share, storage, support and more users online at any moment, requiring subscription/pay level access.
HUGE numbers spike due to Covid19 lockdowns and business models will change in favour of ZOOM going forward
Con Reasons:
Low barrier to entry, IP is not difficult to replicate, BIG competitors in MS (Skype/Teams), Adobe, Amazon, Tencent, Slack and others...
Conversion of Free users to pay users a question, no reason to doubt, but it's still a question
Large number of nee downloads are School and other free users, still need to find a way to convert into paying subs
Security issues, hacking potential and Privacy of data policy needs to be looked at.
Trade idea:
Buy into the weakness/sell-off (from $160 to $100-$110), build a position around $110, take profits into quarterly updates, surprising market with new client numbers (note: this may not result in profits, so only sub numbers, not revenues and profits, that's the prerequisite for $160 exit...)
An ongoing bubble vs post-bubble stockShort $ZM and long $TLRY seems to be the way to go.
Let's see how it goes.
###This is not an investment advice, trade with care with your own risk!###
ZM - Short setup ZM - Short above 134.70 (or earlier at your discretion)or a break below 107.87. Stop signal 141.33 or 120.61 depending on entry. Target 80.13. Could consider August $130 Puts. Quite large insider selling on the so called crash proof stock!!
ZOOM (ZM) ShortZOOM (ZM) has had a huge run up in 2020 after the Coronavirus began to force workers across the world to work from home (virtual work if possible).
I have heard from many individuals that they enjoy using the platform, but:
1. News is coming out about privacy concerns.
2. NYC Education Department (estimated 1M students) has banned its use.
3. FBI Zoombombings
4. Tesla and SpaceX have banned its use.
5. Google and Microsoft improving their own platforms adding to the competition.
6. Three state attorney generals said they will be probing the company for potential privacy violations.
ZM Financial Evaluation:
1. Way over priced P/E 1,250.
2. Debt doesn't look like an issue.
3. Small operating profit noted last year.
$ZM Roller Coaster Dips to the 50ZM is now facing increasing pressure from a field of competition that got a huge boost as some institutional users shut down their use due to evidence of hacking threats.
But the stock found support Monday morning at the 50-day simple moving average in confluence with prior range levels. $130 looms as "inside" resistance on the bounce.
Zoom approaching the buy zoneFrom a technical perspective, shares of Zoom are approaching the buy zone just above the $100 handle.
ZOOM outlookZOOM experiencing a good time during current crisis as it provides online conferencing software. With cities on lockdown, the number of clients surged, causing the recent surge in share prices.
A buy option is considered if the key area is broken and closed above.
Now a technical break of the trend line and 50% fib level is a short signal to target $100
$ZM Pulls Back with Key Support Nearby as Pandemic RampsZM is swinging within a wide trading range as the Coronavirus outbreak intensifies. The trend is very much still in place as a leading virtualization solution during the lockdown phase.
A deeper pullback could be advantageous as an opportunity at the convergence of support around $120.
Trade Journal: Long $ZM - Inside Day Setup - 3/27/2020ZM has been gaining a lot of attention lately due to COVID-19 and the rising demand for online conferencing programs. ZM had recently broke out but has been relaxing for the last 3 days after reaching a high of 164. The last 2 days, ZM formed inside candlesticks on the daily chart indicating that a breakout may be imminent.
Following yesterday's post on ZM, the inside day candlestick trade triggered today at 147. I was not able to catch the initial breakout, however I did catch some shares during the late morning retracement at $150 and put my stop loss at today's low.
Entry - 150.76
Stop loss - 145
Target - 175
ZM Elliot Wave AnalaysisAfter a bull run which we anticipated, it's now building a wedge. At this point, we may short it with target at (c), or monitor to enter long at (e).
