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ZOM

Zom slowly waking upNot a Financial advisor. Zom appears to have found a potential bottom - awaiting this week to close (market rebounding - should look to be green) This is a satisfying entry level for me personally to go long. Lower time frames a bit more bullish than the weekly. Should translate to the higher times. Looking for this to regain control to the .50s in Feb - dependent on the market. But we should definitely see a bit of relief here, still early - which is the risk I'm willing to take. Won't be paying much attention here yet - needs more time.
AMEX:ZOM
by StofAxeCapital
ZOM: Top or 1st motive wave cycle?Been hodling ZOM since Jan. I'm looking at the price action as a potential large degree flat to continue up. We might be stuck in limbo for the next month or so. If I see some bullish action around $1.33 - 61.8% retrace, I will be looking to add to the position. This might be considered a "hype" or "meme" stock, but I think they might be on the verge of something incredible for the vet sector. What do you all think off ZOM? Something here, or damned to $0?
AMEX:ZOMLong
by adambiers
4
ZOM hits lows and bounces back hardI will admit if a trade doesn't come to what I think it will do I'll say im wrong, but that's the beauty of tradingview and how we can share ideas. I still remain skeptical of the current price action and have give a range of price movement of the current price. As a trader watching on the sidelines I still believe for a new/long term trade is wait till earnings. This movement up is unknown why its pumping but a few reasons may be the cause Why is this pumping? -Whole market is recovering at this time and biotech/pennystocks are feeling some love which were one of the worst hit sectors. -Past buyers bought the dip and has had an amazing bounce back, which I will talk about in the TA portion. -The sentiment around ZOM was negative people panic sold from $1.15 too .73, which caused the sellers to be exhausted. With no more sellers the price rebounded and fomo struck. TA: Its interesting cause the chart goes aganist the news, so an idea of this is a short squeeze to exit positions. Who knows -April 22, we skyrocketed towards the 50ema and held causing a bullish reversal in the RSI as it held -RSI leads bullish with the current movement of the stock -Resistance is at 1.41, but could say its at 1.18 with past high or go off the emas, which is at 1.13 and 1.29 -Support would be at the 50 ema .97/.96 or slightly before at 1.01 which could be a dip opportunity. -If the trade goes south you could experience a 29%-74% lost with an upside of 124% going back to ath Final thoughts I'll remain skeptical of this pump till er, since again it could be a pump to have people fomo and sell into the buyers or just exhaustion from the months of downward movement. With TA however it remains bullish/neutral
AMEX:ZOM
by nathanielx9
ZOM a love child to novice investorsZOM is interesting since through out the pandemic, people wanted to find ways to make money at home. That's why we had stories from Hertz, DOGE, GME, AMC, and more, but some of these investors found r/PennyStocks. I could list alot of hot names like NNDM, IDEX, XSPA, and more, but we are here to talk about ZOM yet its good to know what kind of investors are in/attractive to a stock like ZOM. Overall I'm a mid term bear, but you could be neutral. News: Now I haven't invested a single penny, yet I like seeing a stock that had an mc over 2billion dollars just to come back to pennystock land of the dead -3 insiders sale publish on Apr 13. -Apr 15: ZOM releases a Investor news on their website stating their distributor failed to help them gain initial sales, so in return they are going to go with a direct sales approach. Also in the letter they couldn't state when they will be profitable. This is a red flag on multiparts. First: they push their own problems on a distributor and not their product. There still hasn't been any demand from the stock price if their product was successful. Second: Changing gears on how to market their device, since launch and haven't tweeted/remain inactive on social media like twitter since Jan 4th is very concerning on if they are still trying to build this company. Third: Profitability. Again we don't know the demand and we don't know if this new marketing strategy will work. This means the company will continue its cash burn and sale shares or dilute share holders until profitability. -Earnings are coming up, but it should be clear they will miss Other News: -ZOM releases their product early causing the swing traders to be off guard and start the "sale the news" -Twitter inactive since Jan 4 -Whole market (besides crypto) has been crashing since the start of this year TA: I know the news section was scary and some things are opinionated, but theres questions that need to be answered -Downtrend line since March 26, but sale off started on March 16. Leans Bearish -Resistance is at 1.00130, 1.4166, and then 2.0075. If the downtrend line holds up .9947 is resistance at open. Leans bearish -EMA continues down with 50 at roughly 1.06. 128 1.36, and 1.49 at the 200. Massive moves are needed, so unlikely to see it hitting there anytime soon. Would need sideways movement or a bounce back. -Support hits .8367, then a massive drop too 0.4413 since between was a gap up. After that its a drop too 0.2802 another unknownzone, but it lighter note could be a buying opportunity 0.2802-04413. This area would be massive pain since if you bought at ath you would be down over 70% and at 0.2802 its at 89% which is prime for a bounce back. Buying from .5-.28 should only be gamble money. -MACD leans bearish -RSI is way oversold with resistance at 51.91 -VPVR levels mean shit atm, but during the rally the last big one I see is at 0.488, so a quick trade from .5 buy in could bounce back to .8-$1 on a trading perspective. Final thoughts Now this stock has had major bearish news and the question is will the earnings help or cause more pain. The answer isn't clear cut, cause as an investor or a speculator we don't know the sales and the quick change in direction on sales cause me to believe in the short term and mid bearish perspective. Now if earnings come out and sales are better than suspected then theres no problems, but watch out if the next days after it continues too sale off.
AMEX:ZOMShort
by nathanielx9
4
ZOM: What would take for it to reverse the trend?Hello traders and investors! Let’s talk about ZOM today! ZOM lost the most important support level at $ 1.48, as we discussed in our last study ( link below this post), and when this happens, it’ll just head to the next support level. This is a shame, as if ZOM reacted, it could’ve given a very interesting trade for us, but unfortunately it didn’t react. Now, if look at the daily chart above, you’ll see that it is just heading to the $ 0.85. The $ 0.85 is a nice support level, yes, but it is not as good as the $ 1.48 could've be , as this is near the 21 ema in the weekly chart: Now, ZOM is under the 21 ema, and it’ll require much more patterns to reverse the bearish sentiment in the mid/long-term. The volume is not the best, and in order to react, we must see it increasing more. Remember: Volume is the fuel of a trend . But I agree that if it reacts near the $ 0.85, it could be a nice start for something great. Let’s calmly wait for another opportunity on ZOM, and always trade carefully, as this is a high volatility stock, so, if you want to trade it, set your stop-loss very tightly to protect yourself. And remember to follow me to keep in touch with my daily updates on stocks, and if you liked this idea, please, support it! Thank you very much!
AMEX:ZOM
by Nathan_The_Finance_Hydra
8
ZOM: The strongest historical support level!Hello traders and investors! Let’s talk about ZOM today! Well, we have a very strong support level around this black line at $ 1.48, and it is not by chance. This support level is the most important key point to keep our eyes on in the next few days, and the relevance of this support is better seen from the daily perspective. But before we see the daily chart, it is important to notice that ZOM hit this support level several times, but we are still in a short-term bear trend, and there’s no reversal sign ahead. Now, the daily chart: Yes, the $ 1.48 is a key point since January, as it was a previous top level, and we have a gap there as well. There’s no reaction in the daily chart as well, but it is hard to imagine ZOM doing anything interesting with the volume so low as it is right now. Meaning, although we don’t have any bullish sign for a reversal, I can’t be convinced by a breakout from such an important support level with low volume. All of this tells me that now is the time to wait on ZOM, as if we see any bullish structure around, it could be a great excuse to buy ZOM at a nice price, with a good Risk/Reward ratio. The optimal target would be the $ 2.90 area, but we have minor resistances that could work as targets as well. If you want to keep in touch with my daily analyses, remember to follow me ! And please, support this idea if you liked it! Thank you very much!
AMEX:ZOM
by Nathan_The_Finance_Hydra
5
ZOM: Key Points we must keep in mind for the short/mid-term!Hello traders and investors! Let’s talk about ZOM today! It’s been a while since my last analysis, so we have some points to update. And if you missed my last public analysis, the link to it is below, as usual. First, ZOM reversed the short-term bull trend that we discussed in our last study, shortly after a breakout of a key point at $ 2.34. Now the trend is bearish , as we have lower highs/lows, and the 21 ema is pointing down. Today, it lost the support level around the $ 1.94 (red line) by doing a gap. If this gap is going to be filled in the next two days, it could be an Exhaustion Gap , and work as a reversal pattern for ZOM. Now, let’s see the daily chart: In the daily chart the situation is not as horrible as it looks like in the 1h chart, as ZOM is clearly still inside a congestion . As it is normal in congestions, the price could seek its base and the situation would still be under control. Meaning, ZOM could hit the $ 1.48 again, and this would be a buy opportunity. Another point worth of noticing is the low volume , which indicates that this is not a real sell-off. If it were, the volume would be higher. ZOM did a false breakout from the $ 2.25, which was the key point we discussed in our last analysis, as it closed above it, then in the next day it did a classic bearish engulfing , which pushed the prices down. Now, ZOM needs another clear pattern to reverse the bearish bias, and make it retest the $ 2.90 again. A ny good reaction, with good volume will do. I like the fact that the bullish candlesticks have higher volume than the black candlesticks, on average, in the last few days. This could indicate a possible rally next; we only need some confirmation. And remember to follow me to keep in touch with my daily studies and updates on stocks, and if you liked this idea, remember to support it with your like! Thank you very much!
AMEX:ZOM
by Nathan_The_Finance_Hydra
4
ZOM (NYSE) - Wait and seeGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, feel free to send us message (inbox). Pra Trading : - Please care for Money Management - Have a good psychology - Do not be hurry to open position and do not do nothing if u see opportunity - Evaluate and upgrade your trading plan Execution Strategy : - Know what you want to buy, see the Fundamental - Decide that you are on investing or speculating - Consider what your strategy based on Investing/Speculating - Make Road Map Of Your Trading Plan - Decide a. Entry strategy b. Cut loss c. Target of Profit Post Trading : a. Do not be sad if you loss or do not be very happy if you win b. Just become a normal without emotion, Do not put emotion into your trading c. Evaluate your trading d. Keep on Learning e. Be Humble Idea : ZOM (NYSE) - Wait and see
AMEX:ZOM
by MultiAssetX