Zm
Trade Idea: Long $ZM @ 1472 inside day candlesticks are forming in ZM as a coiled spring is forming on the lower timeframes. ZM has not participated in the recent market bounce and seems to be acting inversely to the action. Watch ZM to start breaking out today or tomorrow above 147.
Long @ 147
Stop Loss @ Below today's low.
Target @ 180
ZOOM - Small correction before continuing higherThis is one of my favorite stocks to hold during this coronovirus crisis.
More and more people work from home and use this software.
We can expect a nice earnings report on March 3rd from this one.
Technically it also has some nice potential.
We should now be in this blue wave 4 correction therefore can expect one more push higher taking this to 180-220+ depeding how deep this wave 4 correction will be
ZOOM (ZM) Breakout amidst Covid19 CrisisZoom Video stock went up sharply for a couple of months after its IPO in april early last year, then consolidated for a long time. But the video conferencing software maker was delivering huge earnings and revenue growth. Zoom Video stock bottomed last October and really took off at the start of 2020, well before the coronavirus stock market crash.
As the coronavirus spread drives a massive shift to work-at-home, Zoom Video is getting a huge number of customers that may stay long after people start to resume normal work habits. Between mid Feb to mid March, it was consolidating between $105-$120 for a month. It did 2 breakouts and finally broke out of its $122 resistance level and now is at approximately $160. I think a retracement might be coming soon but that said, i think Zoom Video will overall do well especially if Covid19 continues.
Zoom Video stock surged 22% to a fresh all-time high Monday.
$ZM Continues to Soar on Social Distancing ProtocolsZM is another pandemically advantaged play breaking out of a classic flag range into a parabolic mode of action as more and more workers stay home and remote into the office.
The new way of life is probably permanent for at least some portion of the workforce as some percentage of businesses realize meetings are better over Zoom... Why ever go back into the office!
ZM PUTS, 2 targets: $121.87 & $114.01ZM has recently hit all time highs @ 135.98 followed by a gradual decline to 130.55.
We see a clear divergence in trend between stock (white arrow), MACD, and RSI (red arrows).
There is an opportunity to scalp puts to 121.87, before going long to 114 (see 15M chart)
- I plan to buy ITM puts if ZM breaks and holds below 127.99 and TP profits at 40% profit or 121.87 depending on variables - volume, reversal candlestick formation, etc.
Now in regards to the analysis done on this 4HR chart, 121.87 seems to be a strong resistance-turned-support line. ZM can either bounce and reverse or break 121.87 proving a good opportunity to short the stock to 114.01.
- If ZM breaks and holds below 121.87 with volume, I could enter puts with delta of .04 and an expiration 2 weeks out.
Did you guys see this opportunity on ZM ?Now I am kicking myself in the behind !! We should have seen this opportunity for Zoom Technologies.
The nasty pandemic would have driven everyone towards online communication.
To top all of that, there was even a Bullish Bat pattern formed from the first day Zoom when IPO.
It even came back down to test the PRZ for a Type2 Entry
NOT advertising or anything here. Even I am using Zoom to run my meetings online, using it for years already
Zillow bull-case idea!Since its all-time-high on 2/2/2020 at $66; which was reached due to a 12% jump from earnings... ZG has fallen 50%
As we have seen in the past few volatile weeks, some stocks have outperformed due to the idea they will benefit from the COVID.
For example:
People buying masks, hand sanitizer (CLX)
People are staying home to work (ZM)
People are staying home streaming (NFLX)
People are stocking up on durables, non-perishables (COST, WMT, PG, CPB)
Pharmaceuticals are producing cures/vaccines/diagnostic tests (CODX, GILD)
With interest rates as low as they have ever been; housing is becoming very cheap, allowing people to buy more, and more expensive houses.
With the latest trend of staying home, plus people wanting to buy homes. I believe Zillow (ZG) could be a gainer.
--> Set tight limits, as negative momentum has been killing the bulls.
Rest up this weekend, happy trading!
$ZM Continues to Benefit from Fear Flows on Coronavirus OutbreakZM continues to buck the CV doom and gloom by virtue of its ability to establish a growing market as a tele-business solution. The Ichimoku Cloud agrees, so does the trend. We would not expect this momentum to be defeated easily as estimates ratchet up for the spread of the disease.
ZOOM VIDEO COMMUNICATIONS INC (ZM) ....SHORT LOOKING FOR FIBO 38That is our trading idea in ZOOM VIDEO COMMUNICATIONS after a very bullish period of time.
Now look for Short trades looking to reach the 38,2% Fibo of all the previous bullish leg, until the 15th of May 2020.
SHORT at: 113,59$
STOP: 127.81$
TAKE PROFIT: 99,95$
Traders.....Good luck and Nice trading !!!
#MARKTADVISOR
ZM Accelerated, new target updateZM is running up in an accelerated way - here's where i think the next target will be.
so far, we hit 4 exact spots (see previous chart). while we hit the last target level, it was way sooner than expected. i'm trying to get the target projections more accurate both in price level and time - but time is way too tricky and unpredictable.
there is big money behind these moves so need to be careful - the business model is great, but this is still a small player, compared to the big guys - the fundamentals don't add up (yet). i'm already out after a quick long call that went well - no regrets for missing the big 1000% move (seriously, it was > 1,000 % !) - will be looking at an opportunity to go back in.
$ZM Continues to See Spec Money Flows on COVID-2019 StoryZM is clearly a COVID-2019 play. The technicals are undeniable. But the story is a little less obvious, until you think about it.
The company provides remote conferencing services using cloud computing. Zoom offers communications software that combines video conferencing, online meetings, chat, and mobile collaboration.
It has a large footprint in China, where you can't take public transportation to go into the office, or where many people have been quarantined at home, but still have to attend meetings. One can assume usage is going through the roof for the company's tech right now.
ZM: Way too soon, and totally unexpected !NASDAQ:ZM
could anyone have seen this coming? i closed my position on Fri :) -- not bad - but missed a 500% opportunity. what's happening in the market these day?
i guess the $91 - $95 projection still holds - but no way i'm not going back in until it comes back into the "sane" range.
I say stocks flying with no compass. then there's TSLA !!!
$ZM On The Verge Of A BreakoutIf $ZM takes out yesterday's high of $77.78, we think we are in a for a nice rally. $ZM is 28% off its 52-week highs.
Zoom Video Communications, Inc. provides a video-first communications platform that delivers changes how people interact primarily in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. It connects people through frictionless video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video experiences and connects users across various devices and locations in a single meeting. It serves education, entertainment/media, enterprise infrastructure, finance, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries, as well as individuals. The company was formerly known as Zoom Communications, Inc. and changed its name to Zoom Video Communications, Inc. in May 2012. Zoom Video Communications, Inc. was founded in 2011 and is headquartered in San Jose, California.
As always, trade with caution and use protective stops.
Good luck to all!