ZM still under Massive Selling PressureToday we have ZM (ZOOM) on the daily chart
With the huge sell offs in the market we still see much more downside on the table especially for growth and tech stocks like ZM.
We offered a bullish outlook that would have an inverse Head & Shoulders forming
However to complete the right shoulder we would still need to sell down into the low High 90s
We do have some news coming out tomorrow so ideal would be to see a pump in the market back into the 108s-110 area before the selling continues.
We are prepared go see even higher prices to make a true daily retest or Double top back at 112-115 area
Not unless we break above and close above 117 will our bearish bias be removed.
With that being said.. we DO NOT think we are forming a bullish Inverse Head and Shoulders and will likely close this week towards the lows of 90
Zm
An Option for ZMZM has been on a steep downward trend since stay at home began to lift last year. Now its nearing the IPO stock price with 10x the revenue. We all know it can go lower but perhaps at these prices your considering a position based on its new lines of business and cash stock pile that is ripe for acquisitions. So let's look at a play that can provide a buffer down to pre the IPO price with a fixed 24% yield ( 30% annualized yield ) unless ZM falls more than 24% to below $65.27 . Where we can only start to lose if ZM falls by more than 29% to below $60.94 as of 06/16/2023.
Required Capital: $8470.94
Order
Buy 4 $55 puts
Sell 5 $65 puts
Exp 6/16/23
Limit price: $16.65
ZM accumulating @pandemic zone since Russian invasion; next TPsZM will continue to increase user base in the next few years even if work-from-home subdues. It has made a perfect ABC correction with A=C & is has been consolidating in the pre-pandemic 102 zone since Russian invasion started in Feb 2022.
The risk of worst-case scenario is very low compared to the great upsides if a new EW cycle begins after ZM breaks above the pandemic zone & go above Ichimuko cloud in the 4Q2022.
Not trading advice
NASDAQ:ZM:Cathie Wood's $ARKK bought 839,301 shares todayAmong other trades, ARK sold 293,661 shares of NVIDIA (NASDAQ:NVDA) and 954,387 shares of Signify Health Inc. (NYSE:SGFY), as the stock spiked recently on reports of a bidding war between Amazon (NASDAQ:AMZN), UnitedHealth (NYSE:UNH), and CVS (NYSE:CVS)
ZOOM - BEARISH SCENARIOBad news for ZOOM and its investors. Although the company reported better than expected EPS on Monday the shares dropped on expectations for weak results in the next earnings season.
The end of the COVID restrictions pushed people to return to work and rely less on video conference calls.
The next price target is located at the major support level of $60
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
ZM Long short term and neutral in mid or long term Expecting a retest current pivot low $98s, then a pull up towards $110 with good ER report?
Observe for buy/sell signal by the afternoon.
On a mid-long term, more consolidation between $123-85 to be expected before decide new trend.
** Possible break through previous low $79.
$ZM -71% DISCOUNT (52-WK) -80% (ATH)!Zoom is a decent stock if you are thinking about adding a communication service stock to your watchlist/portfolio. It is currently showing a possible head and shoulders, but I think it has a way to go down after! The original Heavy buying positions is the $116 area!
ZM Potential for Bullish Momentum | 5th August 2022On H4, with the price going along the ascending trend line, and the MACD histogram is above zero, we have a bullish bias that the price may rise form the buy entry at 113.74, which is in line with the 61.8% fibonacci retracement to the take profit at 125.10, where the swing high resistance and 61.8% fibonacci projection are. Alternatively, the price may drop to the stop loss at 106.92, which is in line with the 38.2% fibonacci retracement and overlap support.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ZM 164 by Q4?Let me know your thoughts!
Chart pretty much speaks for itself. We have;
Trend based fib.
Diamond reversal pattern forming on the right shoulder of a potential H&S.
Earnings could be the catalyst that gets this stock moving along with a change in direction of the general market.
Will look to see how it reacts at 105, strong support with follow through can be a long signal for me.
ZM: Turnaround?Zoom
Short Term - We look to Buy at 104.20 (stop at 97.89)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Dip buying offers good risk/reward.
Our profit targets will be 124.90 and 136.00
Resistance: 125.00 / 140.00 / 170.00
Support: 100.00 / 80.00 / 60.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’ ). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ZM: INVERSE HEAD AND SHOULDERS FORMINGZM (Zoom Video Comm)
An inverse head and shoulders is the inverted version of the head and shoulders , except that it's a bottoming pattern used to predict reversal in downtrends.
ZM is now trying to form its right shoulder.
The pattern will be confirmed once we reach and break the neckline at about 124. So the best place to enter a long trade is to wait for a break out of the red line.
But, since there is a support at 103 and that the market is green, I went long at 106 with a stop at 100.
If the inverse h&s is confirmed the target will be around 193 with a few resistances on the way (blue lines).
Let's see where the market is going.
Trade safe!
A bullish scenario for ZoomZoom reported strong numbers for its fiscal 2022, ended Jan 31, with revenue jumping a 55% year over year to $4.1 billion. Net income doubled to $1.37 billion as demand for its videoconferencing services went through the roof when numerous businesses scrambled to digitize and work remotely.
Zoom: Breaking lower from a wedge formationZoom - Short Term - We look to Sell at 106.91 (stop at 126.13)
Broken out of the wedge to the downside. The medium term bias remains bearish. We have a Gap open at 106.91 from 12/07/2022 to 13/07/2022. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 106.91, resulting in improved risk/reward. Expect trading to remain mixed and volatile.
Our profit targets will be 61.07 and 50.00
Resistance: 106.91 / 124.05 / 127.37
Support: 97.09 / 79.03 / 60.97
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
ZM Bottom BuildingThis young company benefited greatly from the pandemic but like all of the some 100+ companies that had huge revenues in 2020 - 2021, it was not sustainable due to the artificial inflation of stock prices via stimulus checks. Since the stimulus was a manipulation of the monetary system and the financial markets, there is no way any firm could manage the situation. So the stock plummeted due to lower revenues and earnings.
Now, it is definitely building a bottom. It is not complete, and I always advise waiting for completion of a bottom because it is emotionally draining for most investors or position traders to watch the stock fall further and wait for it to recover and move up higher thereafter. It takes a lot of discipline and confidence to hold in a final run down in a bear market. So avoid the risk and wait for a completion of the bottom.
ZM Zoom Video Communications Earnings much better than expectedIf you haven`t bought ZM Zoom Video Communications ahead of earnings:
Then you should know that yesterday`s P/E was 19.96 and it`s about to improve today.
Cathie Wood has already bought more ZM shares yesterday ahead of the earnings!
The adjusted profits were $1.03 per share VS Street forecast of 87 cents
Revenues rising 12% to $1.074 billion.
Margins improved to 37.2%
Future adjusted profits between $3.70 and $3.77 per share
Net income between $1.48 billion to $1.5 billion.
My price target for ZM is $115.
Looking forward to read your opinion about it.