ZM - $640 or $420ZM - Handle of the CUP will decide either run to $640 or dip to $420.
Please choose either of the side only after confirmation.
Good Luck.
Zmshort
ZM w/ some Bearish Divergence, a Descending Triangle, & SMA TestI'm not an expert by any means, but unless some news comes out supporting the prolonging of "lockdown" or "quarantine" (promoting Working from Home for longer), I see ZM taking a solid dip, if not a dive if a daily candle closes below the 10-SMA. I'm seeing this idea supported in the RSI Bearish Divergence, Descending Triangle forming, and even the MACD indicating a change in momentum with not only the Crossover, but also an inflection point in the signal line beginning to slope downwards rather than upwards.
Again, all it takes is some Breaking News or a NASDAQ rebound to cancel all of this out. But if that doesn't happen early next week, this is what I'm thinking...
Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?Last time when I predicted $868, I considered Wave 2 as Wave 1 due to its impulsive action. When I recounted, I realized that I counted wrongly.
You can see the sub wave count clearly for Wave 3 & Wave 5 (Maximize the chart) in the chart.
Also, ZM bounced huge at 0.382 & 0.618 Fib levels and parabolic curve topped at $529.74. 1 Week RSI & Stochastic RSI Oversold.
However, due to low selling pressure, low liquidity & higher manipulation we have to watch whether the Cup & Handle plays out or not.
Next week we'll get the confirmation.
Good Luck.
ZM - If cup fails then end of Rally - First Target $420ZM is forming handle in the huge cup if it falls below $457 then could form double top and drops to $420 and if it dips below $400 then it signals end of rally.
ZM First downside Target $470-$460ZM currently in Wave 4 of Sub Wave 3 (Wave 5) which is further divided into Wave ABC .
Wave A target is $470-$460. This is just rough calculation based on support & resistance .
ZM downside Target $440-$420ZM is in bearish flag pattern which could drop to $440 which has stronger support and if it fails $420.
ZM hits roofIn this chart we see a short term, broadening pattern called the megaphone. I have found that this pattern is usually accurate in predicting breakouts/ price movements. As shown in this hourly chart, ZM has been run along the top trend line , briefly crossed above, and is now headed back to support.
If I were looking for a short term trade I would wait to see if the price is going to break the black line (today’s low and also a price level that saw some price support recently), at the 457 area. If it breaks below, I would take out a short term call with my first target being the second-from-the-bottom black line, the 449 area, and the next is in the 442 area. If i believed I had a high tolerance for unrealized losses, I would set a stop loss far below my buying price (up to 40 percent of buying price for options.) on the other hand, if I had a very small tolerance or unrealized losses, I would set my stop loss at about 5 percent below my buying price, enough to maybe see a profit but not enough to where a short term sell off would force me to sell prematurely.
Feel free to leave comments and questions.
$ZM Target $373 by TmrwForming H&S in lower timeframe and targeting $373-$363 by tmrw (possibly) and will rally into next week.
Appreciate donations in case you get profit with this idea as I'm investing a lot of time for accuracy as best as I can.
And this will be my last chart posting in trading session as I'm doing it for free.
Good luck.
ZM Huge Drop - First Target $372ZM Stock forming a bear flag and could drop to $372 which is a support and may drag more downside based on tmrw's FED announcement.
$ZM Target $465Currently in sub wave C of Sub Wave 1 (Wave A correction). I hope it'll form descending triangle, where the high it $465 and marked other targets and resistance. It'll do double top $465 and fall in middle of next week.
$ZM Wave A Correction - $370 to $461 and falls to $300$ZM peaked with $477.8 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside.
In Wave A, total 5 waves will be there and today done with Wave 1 from $477.8 to $346. Now, it'll resume Wave 2 to $461.
And in case market goes red on next week due to bad news then cannot rule out that Wave 1 can extend to $300.
Good luck.
ZOOM! I am waiting for your call at $ 5-0-7Patiently waiting for a higher high with a rsi divergence and then short with 2 hands & 2 feet. No stop loss 1:1 bet !!!
$ZM Final Target $416-$420 before a major pullbackZoom will be completing Elliot Wave 5 by tomorrow bt $416-$420 and starts the ABC correction.
ZM Elliot Wave Correction Wave AZM completed Elliot Wave 1-5 and now in Wave A Correction which has 5 waves to downside before Wave B upward pullback.
$ZM Elliot Wave Correction ABC is in progressCurrently in Wave A Correction consists of 5 waves targeting <$300 at end of Wave A.
Regarding pattern descending triangle or Head & Shoulder pattern is possible but yet to be confirmed.
ZM Final Target $416-$420 before a major pullbackZoom will be completing Elliot Wave 5 by tomorrow bt $416-$420 and starts the ABC correction.
ZM - Final target is $375 before major pullbackSeems like there is still room to hit $375 as it's in cup & handle pattern where after earnings hit $320 then pulback to $300-$285 and finally hit $375
ZM - Finally target is $320 before major pullback$ZM is in Cup & Handle pattern which will hit $320 as final target after earnings and will pullback to 280-300 in couple of weeks.
Make sure to sell at top $320 and buy puts.
📹 ZM ☎️ (8/31)-(9/11) Options/ER Play📹 ZM ☎️
Earnings Report 8/31
Current Price @300.56
Bullish holding over @300 to push to @302.17 resistance then retest ATH @303.58. Above @303.58 I can see the next PT's @310-315+
-Support @299's
-Resistance @302.17
-Resistance @303.58
On the downside, if ZM struggles to break over 303.58, expect a pullback to 295's.
Supports to Watch
-@295's
-@290-292
-@284-286
-@277
ZM ready to correct after 5 wave extensionZM is flying high today and the hourly RSI index is full blown overbought.
Additionally, it completes its 5 wave extension today.
Lastly, it's running into some old resistance at 268.
Looks like time for a mini-correction. Target is about 259.
ZM Swing Trade (Short)Noticing a rising wedge form on ZM's 4 HR Chart as well as a loss of momentum, indicated by downward movement of the MACD. Also sitting around the .236 Fib extension level. Due for a significant downward move, most likely to the 181.47 mark that I have.
