Zoom Delta Divergence 1hr ChartZoom might have reached the bottom of their sell off, however we should be cautious entering positions with the current set up.
We have the bears and bulls fighting for dashed green trendline. So far, the bulls have been able to buy up the green zone, however, even though we see a small uptrend over that last few days. We have a negative delta divergence on the cumulative delta volume which indicates buyers are getting weaker and weaker.
This price is really reactive to news and that could be what the stock needs to blow through some resistance.
Technically this chart makes me feel uncomfortable picking a direction either way so I'm going to remain on the sidelines until we get clarity. NASDAQ:ZM
ZOOM
Zoom 8h Chart 11/2 Head & Shoulders May Have Bottomed@cptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day.
The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are looking good for a bounce back up.
I've switched from short-term bearish to neutral. I'll be watching this closely as more lockdowns and stay-at-home orders are announced.
NASDAQ:ZM
Zoom 1hr Chart | Heavily Bearish, No Long Positions AvailableChart Summary:
The bulls did the best they could to hold the main bull trendline on the head of the head and shoulders. After that the bears feasted and heavily and broke through 3 trendlines with relative ease. We are now working on the 4th trendline which I do expect us to break through with similar velocity. If bearish momentum declines significantly, my buy zone could be potentially raised to the last trendline which would be around the 430-475 level, depending on when we are test it.
This was a chart requested and I am not recommending taking any position on this stock. We have a long way to go down before we really start looking at buying opportunities. We have never filled or tested the GAP up from last earnings but it's unclear to me if we will. However I think it's likely we drop down to the redzone with similar velocity we have been having. I do expect a lot of choppiness and depending on what's going on with politics and lockdowns, we could see a lot of bullish velocity from here and recapturing of some bullish trendlines
I'd love feedback on this chart from the community. I love recommendations and discussing possiblities.
ZOOM (“Leadership is your instinct, then it's your training")Updated View on ZOOM (21 Oct 2020)
We are in the strong Asset inflation period(aka printing money) but the market's fate is now hanging on the dilemma of US stimulus bill.
It can get sell down when the stimulus news is bad or vice versa, so it can be pretty speculative.
From TA point of view, the yesterday candle is pretty bearish and it can go lower in a look out for buyers.
I expect $520-$525 and $480-$500 will be strong supports.
DYODD, all the best and read the disclaimer too.
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Slack break out from 3M downward trend rejectedSlack (WORK) has failed to break out from its downward trend that started in June.
Despite my strong bullish long term view on Slack the outlook for the next few weeks remains not very positiv - support levels at 28.60 / 27.30 / 23.60 could be seen as entry points to accumulate.
Zoom up 750% YTD and a market cap of $165 BILLIONZoom now has a market cap of $165 billion. It's 750% YTD and trades at a price-to-sales ratio of 126. Wow! I don't remember the last time I saw a stock rip like this with that kind of valuation and market cap. It is truly impressive, but also possibly slightly overextended. I have no position, but am watching closely. Zoom has become THE barometer for economic activity and work-from-home trends.
A price-to-sales ratio of 126 makes no sense to me. Even if they double their revenue over the next 12 months, they will still have a PS ratio of 63. And then if they double their revenue AGAIN, they will have a PS ratio of 31.5. This is possible, but those are some loft expectations. But this market knows better than I and it seems a lot of people have strong conviction in these companies to continue expanding and growing. I wrote something similar about Twilio the other week and it's already up a cool 10% since. No matter how overvalued you think these companies might be, the opportunity is perfect for them to continue growing, to make acquisitions, and to invest in new areas with cheap capital.
One thing to keep in mind is that Cisco has a market cap of $165 billion. Yet they pay a dividend, have cash, and do almost 10x more in revenue. However, Cisco is not growing as fast as Zoom. The question becomes: will Zoom keep growing and taking market share from Cisco and others? Let's find out. I'll be watching and thanks for reading. I hope you found this interesting and insightful.
+20% profit on 10 days only . The market is always generous .+20% profit on zoom move , as you see guys it gap up today and MOVED higher against the market .If you enter a solid trade don't worry about the rest .
if you want learn more and have access to my super charts , PM me . Use the private message you are welcomed .
Stonks only goes up :) .
DON"T RE ENTER , THE TRADE IS DEAD (the move is done ) !!!
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