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ZM - 3D timeframe hints at potential MACRO shiftHi guys, this is a Technical Analysis on Zoom. So many stocks have done well in this bull market and some not so much. My focus is to catch some potential ones that are down significantly from their blow off tops, in the process of bottoming. Note this is a 3 Day timeframe. This analysis is to see hints in these intermediate timeframes to see whether there is potential for these findings to impact the bigger picture or MACRO trend. Current Price action for the last 4 candles have printed support above the 50 DMA (green moving average) and 21 EMA (Yellow moving average) Note also the 50 Green DMA is starting to flatten out, indicating a potential BOTTOMING sign, since if you look left the things been signficantly pointed down since blow off top. Also note the 21 Yellow EMA is starting to slope up, trying to cross over the 50 DMA. This has happened only 1 time in the history of 3D Zoom chart but when it did, a massive bull run ensued after. This is something to OBSERVE. ANother plus point, we are above the 2 sloping trend lines that were resistance lines since July 2022 and Nov 2022. NOw lets look at the CANDLE characteristics of the 4. Its important to notice the UPPER WICKS forming -> this indicates selling pressure, and that we are hitting on some tough resistance, indicated by the RED rectangle. BUT note the highlighted candle formation -> This is a Dragonfly doji, which is a BULLISH candle pattern. I wont go into the details as i am not an expert but just note its not a traditional dragonfly so the power of its impact, may vary. (Again i could be wrong, so don't hold me to this and correct me if im wrong) Note the tail of the Doji, how it bounced off this major convergence of support between the July 2022 resistance line, and both MA. Great sign in my opinion for a bullish case. BUT also keep your mind on the various support lines below price action, if we get rejected here which is always a possibility, look for price to test: 1. Firstly the moving averages 2. The July 2022 resistance now flipped support 3. November 2022 resistance now flipped support 4. Lastly, the RED horizontal MAJOR bottom support at around $61. WHich we have never gone below in the history of ZOOM. Lets move onto my indicators: 1. RSI- Note the Red line, this is actually a reference to the BULLISH DIVERGENCE forming in zoom. Notice also the first white horizontal line, We have recently broken major resistance and formed a higher high in RSI. This is a good sign in my opinion. The 2nd white line above, is something that if we break would indicate MAJOR trend change, as we would break the June 2021 highs on RSI. 2. MACD -> momentum indicator -> Notice how the histogram bars have shortened and the Blue/Red lines have flattened. This in my opinion, this "quiteness", may indicate a "Calm before the storm" scenario. Also if we are crossed up where the Blue line is over the red and ABOVE the 0 level, that could be a sign for bullish momentum. Especially if the space between the 2 lines widens. 3. ADX & DI - Notice the green line is slowly moving above the White horizontal line, if we can get significantly above it, its may indicate a chance for further bullish momentum. If also the white line comes up and pierces the green line, that would add to the bullish momentum case. *BULLISH DIVERGENCE is a bullish pattern where price action on the charts shows lower lowers but the indicators show higher lows. This pushes price to "catch up" with what the indicators are showing, since normally price action should mirror indicators & vice versa. CONCLUSION: Price action is currently in an interesting zone of resistance. Getting above this would be monumental for ZM for sure. We have some great support levels hanging out below us, which could make for some nice BUY zones if price gets there. But in the great scheme of things, and in my opinion, NOT Financial advise -> Zoom is extremely cheap. There are some bullish signs like the dragonfly doji, potential EMA/DMA cross, Higher high RSI and more...... COuld these be the necessary catalysts to have zoom finally start a bull run, well....... TIME WILL TELL. THANK YOU for taking the time to tune in. Please support me by boosting, following and commenting. Feedback always helps and or expressing your thoughts would be great. DISCLAIMER: This is NOT FINANCIAL ADVISE. I am not a financial advisor. This is strictly my opinion and for educational expression. Trade with caution, always focusing on RISK MANAGEMENT. Protect yourselfs, deploy stop losses.
NASDAQ:ZMLong
by SafofAllTrades
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.
NASDAQ:ZMLong
by VantageMarkets
1
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.
NASDAQ:ZMLong
by TopgOptions
ZM - GRAN balance, Cotización hoy: -16%Porque pasan estas cosas ? porque si la empresa gana MUCHO mas de lo esperado su acción desploma ? Respuesta simple: El Balance es pasado, el mercado ve a futuro. Junto al balance, la empresa anuncia que espera que sus ganancias a futuro disminuyan a medida que se siga volviendo a la normalidad post covid, muchas hicieron estos anuncios, como por ejemplo Amazon. Baja exagerada ? Oportunidad de Compra ? Veamos que dice el Análisis Técnico Hoy Desplomó mas del 16%, pero frenó en una zona de soportes dinámico interesante, era una resistencia importante en el pasado, si pierde esta zona, sigue como soporte los 273usd. Si lo vemos desde el lado de los indicadores y medias móviles, TODAS estas dando venta, aunque con indicadores en zona de Sobreventa, es decir, de precios atractivos para un rebote al menos del corto plazo. Indicadores: SAR: Venta RSI: Sobreventa MACD: Venta Koncorde: Sobreventa ( nivel del mar ) Conclusión : Una Empresa que luego de un GRAN balance, se desploma 16%, y tiene a los indicadores anunciando precios de ofertas, creo que es interesante para analizar para un rebote, claro que con riesgo muy elevado ya que se puso en clara tendencia bajista, con un SL si pierde 273usd
NASDAQ:ZMLong
by Andy_Stop_Loss
1
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.
NASDAQ:ZM
by Dinjin
2