ZM Zoom Video Communications Options Ahead Of EarningsIf you haven`t entered ZM here:
Or sold here:
Then analyzing the options chain and the chart patterns of ZM Zoom Video Communications prior to the earnings report this week,
I would consider purchasing the 66usd strike price Puts with
an expiration date of 2023-8-25,
for a premium of approximately $3.45.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ZOOM
Zoom Potential Rounding Bottoming Zoom Video was a darling stock during the pandemic when office workers were sheltering in place at home and communicating via video chats. Price hit a high near $600 in Q4 of 2020 and has fallen roughly -80% to current levels where it has levelled off and appears to be forming a bottom in the $70 range.
Currently price is attempting to hold and trend above the 200ma which it hasn't done since the summer of 2021 when the previous attempt to regain the 200ma failed. Going forward we want to see price hold above the 200ma and take out short-term resistance at $75-$76.The short-term MA's are currently rising above the longer MA's which is an indication of a short-term bullish trend for price. We want to see price continue to move higher and for the short MA's to rise above the 200ma for a sign of bullish trend continuation.
The PPO indicator show the green RSI line rising above the purple signal line which is a short-term bullish momentum indication. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum behind price.
The TDI indicator shows the RSI line crossing above 60 and in the upper half of the white Bollinger Bands which indicates a short-term bullish trend in price. The overall action of the green RSI line is trending between the 40-80 levels which indicates intermediate to long-term bullish price trend. Going forward we want to see the green RSI line continue to rise above the 60 level for short-term bullish bias in price which would help maintain above the 200ma.
Price gapped down in Aug of 2022 so should Zoom hold current bullish bias and take out short-term resistance levels we could see a move to fill the gap up near $95-$96.
My entry is at $73.95 with a stop loss at $68. No upper price target for now other than the gap target, will raise my stop-loss order as price moves higher and creates a series of higher highs and higher lows assuming that a breakout is coming.
Zoom seems to be bottoming outZoom seems to be bottoming out below $100, making a great buying opportunity for higher highs above entry price of $100.
Oversold stochastic
Market Exhaustion to the downside of the RSI
Bullish divergence on the weekly time frame and more.
Target Price: $163 - $277 - $400 and higher in the months and years to come.
ZM: Pre-Earnings Release RunZoom is showing a pre-earnings release run up out of its extreme low, ahead of its Q1 report today. The current run's pattern is indicative of professional traders swing trading with earnings strategies; they tend to take profits on the report since they bought at the low. While revenues are likely to come in below last quarter, earnings should improve over the big loss last quarter.
The stock has probably found its final low, at long-term support from 2020. ZM outperformed during the pandemic due to huge demand that was unsustainable and time limited. So it has a lot of work to do from here; it must reinvent to offer a greatly improved service to compete with huge companies like Google, etc. which all have very similar services.
The Zoom Chart Has To Be SeenFew charts can explain the euphoria and panic of markets more than this chart of Zoom.
We've also used Zoom at least once by now to make a voice and video call. It was the darling after the Covid lockdowns because it was leading the way for remote work.
The before and after can be easily seen just by looking at the chart. It was up 900% in a brief period of time!
Then... it dropped 90%.
The euphoria of remote work, fast growth, and easy money.
Followed by the return to normalcy and a crash of its price.
The question now is as follows: at what point is Zoom a value play? It remains the leader of video conferencing and still has a large, global customer base. They surely need to innovate and create more solutions.
Time will tell.
I have no position. Just watching the chart.
I do think a swing trade could set up as it drops even more. A quick rebound appears possible. Zoom would be foolish not to cut costs and attempt to buy some shares back down here.
Investing in Zoom stock: Will You be Profiting Long-Term?Are you on the lookout for a solid investment opportunity in the current market? Look no further than Zoom Video Communications! Although media reports or rumours about a significant change in a company’s business prospects usually cause its stock to trend and lead to an immediate price change, certain fundamental factors always drive the buy-and-hold decision.
Zoom Video Communications stock company is reacting to a very strong monthly demand level located around $70 per share. There is a lot of profit for margin for this long-term buy opportunity of Zoom Video Communications shares. There is room for this tech stock to reach $250; it will need a few months, bu
Zoom rallies to be capped.Zoom - 30d expiry - We look to Sell at 77.77 (stop at 82.43)
We are trading at oversold extremes.
There is no clear indication that the downward move is coming to an end.
The primary trend remains bearish.
The stock is currently underperforming in its sector.
20 1 week EMA is at 78.
We look for a temporary move higher.
Preferred trade is to sell into rallies.
Our profit targets will be 66.10 and 64.10
Resistance: 72.17 / 78.00 / 81.50
Support: 68.00 / 66.00 / 63.55
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Zoom approaching all time lows.Zoom - 30d expiry - We look to Sell a break of 68.68 (stop at 71.71)
Trades at the lowest level in 34months.
Price action continues to trade around the all-time lows.
We are trading at oversold extremes.
This stock fell 3 % last week.
Short term momentum is bearish.
A break of the recent low at 68.88 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 61.11 and 60.11
Resistance: 73.00 / 77.30 / 80.00
Support: 68.88 / 65.00 / 62.00
Disclaimer – Saxo Bank Group.
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ZM Zoom Video Communications Options Ahead Of EarningsIf you missed my other calls on ZM:
Then you should know that looking at the ZM Zoom Video Communications options chain ahead of earnings , i would buy the $75 strike price Puts with
2022-11-25 expiration date for about
$2.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Why ZM Zoom Video could go higher by Friday!! ZM Zoom Video reached our Buy Area:
As you can see in the chart, Zoom Video Communications, Inc. (ZM) reached our price target!
Friday, before the close, at 16:29:37 someone bought 20300 ZM shares at $72.29 for about $1.5Mil.
But that`s not all!
Also before the bell i saw 9K calls worth $1.4Mil, with the following characteristics:
2022-10-21 expiration date (this Friday!)
$73.10 entry price
$75 strike price
$1.55 premium paid.
In order not to expire worthless, the shock should reach $76.55!
The stock was $72.29 at the close and i think it is primed for a comeback!
ZM Zoom Video is the 2nd biggest holding of Ark Invest with $1.03Bil invested their average entry price being $274.87! the stock is now only $72.29.
ZM stock lost 87.85% from its all time high. I think this could be The bottom.
On 8/23/2022 The Goldman Sachs Group set a Price Target of $122.00 for ZM Zoom Video.
My short term Price Target is the $106 resistance.
Looking forward to read your opinion about it.
Zoom #zm #zoom $zoom $zm update Let's take a look at Zoom since its IPO in 2019.
I think that Zoom could be another one of these stocks that is moving so much more like Risk and crypto that there is a good chance it finds its own base and bottom before much of the rest of the overall stock market etc.
I think that these current levels are becoming quite attractive even for swing trades over the next few weeks/months. but even more so for anyone looking to park some $ for the next 12-36 months, or more.
I feel that Zoom was not just a Temp. useful play during lockdowns and covid19. I think that Zoom will continue to grow and gain adoption. I think that Zoom still has a bright future and has opportunities to even evolve and become something more then it currently is.
If you would like More zoom updates, please feel free to let me know in the comments and what your timeline is like, and I'll do my best to try and help deliver added insight.
ZOOM WIPED 95% OF GAINS HAPPENED SINCE PANDEMIC. MORE DOWNSIDE!!Check out the trade plan for ZM today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Zoom has broken important support formed at $85. More importantly, we have seen 95% of gains happen since the pandemic has got wiped off completely by now. Still, the bearish trend remains strong and possibly we may see the major support formed close to $63 once again. At the moment we have seen some bullish activity where the price is about to revisit the broken supported area.