ZM BUYHi, according to my Zoom video stock analysis. There is a good buying opportunity. The stock exited the downward channel. And breaking the resistance at level 70. We also notice a very strong positive green candle for the daily time frame. And there it started to form an ascending channel to the top. Good luck everyone
Zmshort
Zoom approaching all time lows.Zoom - 30d expiry - We look to Sell a break of 68.68 (stop at 71.71)
Trades at the lowest level in 34months.
Price action continues to trade around the all-time lows.
We are trading at oversold extremes.
This stock fell 3 % last week.
Short term momentum is bearish.
A break of the recent low at 68.88 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 61.11 and 60.11
Resistance: 73.00 / 77.30 / 80.00
Support: 68.88 / 65.00 / 62.00
Disclaimer – Saxo Bank Group.
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ZM Zoom Video Communications Options Ahead Of EarningsIf you missed my other calls on ZM:
Then you should know that looking at the ZM Zoom Video Communications options chain ahead of earnings , i would buy the $75 strike price Puts with
2022-11-25 expiration date for about
$2.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
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.
Zoom will bounce and continue on down! This is what I think will happen with zoom over the next few weeks.
We will continue to bounce from here and potentially hit my identified reversal zone.
Look at my blue and yellow fibs there for confluence.
My purple fibs are my elliott wave projection fibs which are currently estimating A=C. wave C could easily head to the purple 1.618, at which point we would keep an eye out for them heading to the next support zone.
**(I am not sure why Trading view squeezes my chartwork together after I submit it as a public post, but you may have to decompress the x axis to get a better visual)**
ZM Head and ShouldersHead and shoulders pattern.
1. Company issued more shares, retail investors cheered but more shares are typically bearish.
2. Post pandemic use will remain high, growth however seems to be diminishing, even with zoom phone.
Opinion: Prices will hover around the SMA50 but fail to break higher. Prices will eventually turn towards the downside.
ZM - Focus on the MomentumLook 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 watch for increase volume from scalpers looking for a quick rise.
If you step back and look the volume profile of this stock, it's getting pretty top heavy and ripe for a major correction (5-8% in a single day). That said, short of a headline saying that a definitive covid-19 vaccine will be available shortly to all Americans, I don't see the momentum drive of this stock fading anytime soon. I suspect will breakdown to $496 again at some point and reboot consolidation between $505 and $518.
That's my short and long-term forecast. Bullish until we go butter knife parabolic. Bearish from breakdown to $496.
ZM US | Potential head-shoulder topBreak-down through neckline could lead to >-50% downside.
Stock is still trading on > 130X current (Fy21) no-gaap eps guidance.
Don't get me wrong, It is a good company offering good product. ZM (and GSX) were the only 2 buy-and-hold stocks I suggested to my hedge fund clients in late 3Q19.
From a user perspective, (I am currently a CFO at startup doing M&A), most of the virtual meetings were done with ZM at the beginning and middle of the Covid pandemic. However, in the past month, virtual-meeting invites started showing "Cisco Webex", "Microsoft Team" and "Google Meet"; I actually think Google had the best quality. I am even looking into Zoho virtual meeting, which is the online accounting software we are using....can't help wonder how competitive is ZM's advantage in the long run.
let me know your thoughts.