ZOOM
zoom another good profit?the last time zoom croosed my entry and gave good profits u can watch it on my profile
this time is a little more riskier u have to be more patiend and carefull
zoom is abull for me
the pattern says it to and crossing the 0/618 fibo is my entry
like and share if it was use full
ZOOM (“Dig the well before you are thirsty.”)View on ZOOM (24 Sept 2020)
It was one "moon shot" counter that rose tremendously in the past few months.
It is still in the Healthily Up trend but it is just getting expensive at this moment in my opinions.
And given the current Risk-Off situation, we can expect a little pull back (or) shakeout in this counter.
It shall go to $460 or even as low as $400.
DYODD, all the best and read the disclaimer too.
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Time for Longs in Zoom AgainMore lockdowns will mean more work-from-home arrangements and more social distancing measures. Usage of video conferencing for work and for social purposes will continue to rise.
Despite the recent weakness in Tech Stocks, Zoom Video is testing its all time highs again. With surging Covid-19 cases and the threat of lockdowns looming in various countries, this stock is likely to power higher in the weeks ahead.
Zoom ZM fills gapAfter gapping up by a huge $120 dollars on August 31, ZM has come down to Earth. It finally found resistance at the horizontal support line (in the 344 range.) It has entered back into its ascending channel, and since the two parallel trendlines are very close together, expect predictable price movements.
The RSI has just bounced at its horizontal support line as well, So we can expect continued uptrend. If the price were to hit 406(The high of September 3rd) I would consider taking a short term call and wait for it to hit the low of September 2nd, $410. If I had a heavy risk appetite , I might wait for the price to hit the closing price of September 2nd, $423.
daily/4 hr/ 1 hr supply zone 275.6-281 daily/4 hr/ 1 hr supply zone 275.6-281
pro:
1.2 exciting red candles in hrly candles
2. zone is clear in hrly chart
3. origin of drop
cons:
1. price dropped once just near the zone with a good drop so this time it may not work. so confirmation entry
2. zoom is a very volatile, it moves with momentum, so ,if it breaks , it will move very high. so strict SL