$ZM can rise in the next daysContextual immersion trading strategy idea.
Zoom provides video-communication services.
Due to the spread of the COVID-19, the demand for the company's products rose.
I see again that the demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $168,64;
stop-loss — $161,69.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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ZOOM
ZOOM $ZM - Weak Chart + Fundamental catalyst - MUST SEETicker:
$ZM ZOOM
Notes:
Zoom - possibly going to come back below a descending resistance that it broke above on Thursday. Fundamentally, Facebooks announcement of their competitive offering to $ZM is going to help this SHORT!
xeenos trading - sending positive energy to all those watching
Daily Review: ZM, SNAP and SPYToday, U.S. markets ended flat despite starting off the session on a positive note. Although the close was bearish, could there be a bullish case hidden? Let's see what we can find assessing ZM, SNAP, and SPY.
Bull Market in the Cards?
We begin today with possibly the strongest performing stock of the day, Zoom. As you can see, Zoom is obliterating its previous high. The Momentum is clearly behind Zoom and on RSI, you could see that Zoom has respected its RSI 'bull market' support level. There is no denying Zoom can continue to push new highs as long as its product is in demand. With second and even third waves of COVID-19 possible. Is it impossible to think a vast majority of the Global workforce works from home? Still, I would be cautious buying these levels. Bias: Bullish .
I won't lie, I am not a fan of Snapchat and I'll will save my reasons for another day. However, the chart though...wow. Full disclosure, I missed this one. I should have posted yesterday warning not to buy just yet, but if you hadn't picked it up by now my bias is bullish.
The SNAP chart has two BIG things going with it. First, the obvious 151-week inverse head and shoulder. The measured target of which is $35. The second is that we have a clear Elliott wave 1 and 2 established as seen by the count. The wave 2 especially, retraced into the 0.618 fibonacci, a popular retracement level. In combination with expanding volume, SNAP could be in the beginning of the strongest wave, 3. First target is around $40. Overall, there is not very much to dislike about the SNAP chart. Bias: Bullish .
Uncertainty
Despite the market going on an unprecedented rally off the March lows there is a reason to be concerned going into the weekend. Today, the markets did not follow through on a promising start to the morning. I mentioned yesterday that I would be a buyer of the dip. Today, I am not so certain I would be anymore. Above is the weekly view of the SPY. This week it is turning out to be an inside bar, trading within the high and low of the previous week. What's that tell me? Uncertainty.
It's no surprise. With States deliberating the next steps on how to handle the re-opening of the their economies there is uncertainty and caution abound. Bulls should do the same. Not shown here, but on the daily charts of the major indexes, the first lower highs have been established. Bias: Bearish .
Just over 30% off the lows, it is not ill conceived that the markets pull back a bit here (or a lot). Tomorrow's weekly close will provide a lot of insight on how to trade next week. I will review Ethereum and Bitcoin going into the weekend, as I do suspect some trickery to take place while futures markets are closed over the weekend.
$ZM Zoom Video Overbought$ZM Zoom (fad stock) Overbought - beginning to reverse once again for a lower high than mid-March. See chart for near and medium term targets.
I don't see how this company has any sort of a moat or long term competitive advantage. The functionalities of its service are fairly simple and easy to compete with by larger players like Cisco, Google, Facebook, etc. This stock will be permanently back under $100 within 3-6 months. Reminds me a lot of when Stitch Fix was hitting near $50...that stock is now in the teens.
ZOOM (ZM) - Opportunity to SELLHey everyone, here's the analysis on Zoom. If you find this insightful, please follow and like our idea, also leave a comment on ideas you would like to see next!
Summary:
Current price is within our resistance zone and it could drop lower to our S1 zone between 123.60 - 128.50. If price breaks below the S1 zone, it could drop further to our S2 & S3 zone.
Action:
Sell Limit: 144.00
Stop Loss: 150.00
Take Profit: 128.50
Analysis:
R1 is a key resistance zone on the daily chart and a previous breakout zone. Given that current price is within the R1 zone, we could see a drop to our S1 zone. S1 is also a key support zone on the H4 chart, hence, we will not play a move beyond that. However, if price breaks below our S1 zone, it could drop to our S2 & S3 zone.
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Zoom Easy Trends to Buy and SellReally both red lines will happen eventually. I think this is WAY OVERVALUED at $150. I actually can see zoom being dumped after the virus it doesn't even come close to stacking up to other platforms. Might even break the bottom trend eventually. All big corps are against it. Either way the buy back in zones are absolutely obvious.
If you have stock shorting is an option today it already failed at the support of weekly and failing all timeframes below it. Just an opinion. I don't want to throw down 5 grand on shorting this lol.
ZOOM - Fatal Destiny Hello friends,
I hope this finds you well.
Zoom technologies is destined to fall - over sold.
With a P/E ratio of $1,499.42.
The hype shall die and if it stocks at $70.00 I will be surprised.
I smell blood in the streets.
Happy trading
byeeee.
Disclaimed - this is not financial advice - pure chart speculation
ZOOM (ZM) ShortZOOM (ZM) has had a huge run up in 2020 after the Coronavirus began to force workers across the world to work from home (virtual work if possible).
I have heard from many individuals that they enjoy using the platform, but:
1. News is coming out about privacy concerns.
2. NYC Education Department (estimated 1M students) has banned its use.
3. FBI Zoombombings
4. Tesla and SpaceX have banned its use.
5. Google and Microsoft improving their own platforms adding to the competition.
6. Three state attorney generals said they will be probing the company for potential privacy violations.
ZM Financial Evaluation:
1. Way over priced P/E 1,250.
2. Debt doesn't look like an issue.
3. Small operating profit noted last year.
The Idea of Zoom Video Communication - Trend AnalysisWe know the Zoom Video Communications Inc was a hot topic in the NASDAQ last weeks, while the COVID-19 is continuously outbreaking around the world, will Zoom be a strong bull trend stock in this year? My thought and analysis at below:
When we talk about the stock that has a strong trend in the stock market, it must come with good fundamental performance, it may also a theme currently. The Zoom from NASDAQ is a hot choice that you should put into your watchlist.
In the technical perspective, we can see the weird M formation from the daily chart, and then the share price was dropped at the supporting level of EMA 25 and 50. As a strong trend stock, it can be expected to retrace to the necklines and will have a correction formation in the box that I drew, but not be expected to drop under below the EMA 50. On the other hand, the stochastic indicator was showed 41.63 numbers and it reached a supporting area also (Grey Rectangle Area), it may a good signal if you understand stochastic indicator. Theoretically saying, the poor momentum buying should not be happened in a strong bull trend stock, so I may seek it as a long opportunity or accumulated stage for trading. You may also wait for the price action to tell the suitable entry time and price.
In my last opinion, I suggest investor and trader do some homework to understanding trend analysis on the themed company and research the current situation of COVID-19, what it can affect towards the stock market and certain listed company like Zoom, Netflix that may benefit. The recent news said the school should not use the Zoom as an online teaching tool due to its privacy disclosure but I think that still has a big demand at this moment.
Check it out for more news on Zoom:
edition.cnn.com
www.nasdaq.com
Please drop a like and comment below what is your opinion on Zoom!
ZOOM outlookZOOM experiencing a good time during current crisis as it provides online conferencing software. With cities on lockdown, the number of clients surged, causing the recent surge in share prices.
A buy option is considered if the key area is broken and closed above.
Now a technical break of the trend line and 50% fib level is a short signal to target $100
How i know what stock have a good future in a crisis - TutorialHello,
Some people asked in Telegram / PM how i know what stock will go up and which one should them short or long.
I made a list about the different sectors of SPX 500 if its needed to go bear or bull on it.
After you choose the sector you need to check the ADX of the coorporation, it need to be strong and always remember to chose the strongest coorporations of the sector that you selected.
Here is the graphic:
imgur.com
You can see my last charts that i did green on almost all of them.
Hope you liked and helped to you!
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Regards,
ZOOM - Small correction before continuing higherThis is one of my favorite stocks to hold during this coronovirus crisis.
More and more people work from home and use this software.
We can expect a nice earnings report on March 3rd from this one.
Technically it also has some nice potential.
We should now be in this blue wave 4 correction therefore can expect one more push higher taking this to 180-220+ depeding how deep this wave 4 correction will be
ZOOM (ZM) Breakout amidst Covid19 CrisisZoom Video stock went up sharply for a couple of months after its IPO in april early last year, then consolidated for a long time. But the video conferencing software maker was delivering huge earnings and revenue growth. Zoom Video stock bottomed last October and really took off at the start of 2020, well before the coronavirus stock market crash.
As the coronavirus spread drives a massive shift to work-at-home, Zoom Video is getting a huge number of customers that may stay long after people start to resume normal work habits. Between mid Feb to mid March, it was consolidating between $105-$120 for a month. It did 2 breakouts and finally broke out of its $122 resistance level and now is at approximately $160. I think a retracement might be coming soon but that said, i think Zoom Video will overall do well especially if Covid19 continues.
Zoom Video stock surged 22% to a fresh all-time high Monday.
ZM PUTS, 2 targets: $121.87 & $114.01ZM has recently hit all time highs @ 135.98 followed by a gradual decline to 130.55.
We see a clear divergence in trend between stock (white arrow), MACD, and RSI (red arrows).
There is an opportunity to scalp puts to 121.87, before going long to 114 (see 15M chart)
- I plan to buy ITM puts if ZM breaks and holds below 127.99 and TP profits at 40% profit or 121.87 depending on variables - volume, reversal candlestick formation, etc.
Now in regards to the analysis done on this 4HR chart, 121.87 seems to be a strong resistance-turned-support line. ZM can either bounce and reverse or break 121.87 proving a good opportunity to short the stock to 114.01.
- If ZM breaks and holds below 121.87 with volume, I could enter puts with delta of .04 and an expiration 2 weeks out.