Mid-term target 600-700 on ZM Short term target for February 460-480 Key pivot: 420 Targets above 420 are 434, 450, 460, 480 This monster is about to wake up. Broke out of a flag Friday, we either see continuation Monday or a pullback to retest the breakout.
I have a long bias on NASDAQ:ZM considering that this company has intrinsic retained value going into 2021 and should continue to have a nice valuation's as we use it in our day to working and school, furthermore I expect that it can pretty easily squeeze past 420 to higher prices as such low relative prices are often taken by market makers. My first target...
Look at that long, steady rise in RSI. We'll be triple-topping soon and I don't expect it to pullback and retest after it pops above $516 - next stop 525-530. If price breaks above $530, expect price action to go full parabolic similar to September 23. Sellers will be quick to jettison the second any weakness appears on the 2-min charts. Once RSI breaks above 70...
I am definitely not trying to Zoom post the COVID vaccine but what I am trying to do or how I feel means nothing to the market.
ZM, after a brutal sell off all indicators have a green light of some sort of reversal here soon also getting very close to the .618 fib GOLDEN ZONE for Wave 2(Falling Wedge){Zig Zag} that's where i see it going and goes hand in hand from the gap that didn't get full filled. After gap filled i expect a hard bounce for a potential impulsive move for a wave 1 out...
Target $440 Until Bull Flag breakout trendline holds Bear Target & Support $380 -> Break below Bull Flag Trendline
Bull Flag Target $432.5 Break Below Bull Flag Target $380
Cup & Handle Break out Target $430 - $445 Break below trendline Target $383
This is how I see Zoom Video. We have completed Wave III of the cycle from the March 2020 lows at the high ($588) and experienced a pullback in Wave IV. Wave IV pullback was completed in a WXY correction at the low of 366. From there ZM began Wave V, where price action is currently extending in a leading diagonal structure to complete Wave V. My estimated target...
BULLISH GARTLEY. Look for a bull div going into the 786. Keep it simple
Breaking down my Zoom trade - Saw it was oversold - Sold a naked put - Legged into a vertical spread to reduce the margin requirement - Sold another naked put - Leaving the trade on over the weekeend.
Zoom has been very low volume ever since all the vaccine news started coming out. They have earnings this Monday and if you recall last time, the earnings were exceptional. I believe earnings will still be exceptional but how will investors play this event with vaccine news & approvals coming out every week? I am still long on ZM but let me know what you think.
Chart is pretty much self explanatory. We are right at the downward trend line which needs to be cleared to make a move higher or we fail at this level to trend back to recent lows. In either case, wait for a pull back to get a low risk entry. With all the new lock downs, I am leaning towards an upside break but will wait for price to dictate that entry
ZM could be a fast mover bc of market volatility due to covid updates, so be catious. Wait for the market to decide the direction and ride! Zm tends to respect levels. Puts under 434, targets: 422.55, 396.19, 367.27 Calls over 445, targets: 476, 505.20, 539.91
$ZM got crushed hard on vaccine news and finally things are unfolding where trials are not painting a greener picture. On top of it, all companies which are announcing promising vaccine, their CEOs are selling huge lots of their stock and cashing out, which looks really -ve $ZM should be back to 500 levels and 600 levels in coming month. Pick some Nov...