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Weekly Outlook! 7/19 - 7/23Here is what we are watching for this next week! NYSE:DASH Dash we are seeing a nice bounce at the .382 FIB level. We'll be looking to take a position on a move over $170 or under $164 NASDAQ:EA Nice long term set up here with an ascending triangle, we're sitting right near long term trend support and are looking to take a move over $144 if the market is trending upwards NASDAQ:FB FB we are looking to play some continued momentum to the down side and look for a move under $340 NASDAQ:ZM Very similar to DASH in that we've bounced off of previous resistance and the .382 FIB level. We are looking to take a move over $366 and under $354 NASDAQ:CRWD CRWD is also sitting at long term trend support, we are looking to take a move over $254 and under $247
NASDAQ:CRWD
by ThirtyninethParallelInvestment
LAZR - Breaking the Bear Trend?Potential reversal setup forming in LAZR. We have a small bull flag within a larger bear flag, so I still feel that it will break to the downside, unless we keep getting heavy inflows into tech. Volume looks really good, with lower volume on red days and higher volume on green days. 20 day avg. volume is also increasing. With a bounce on the lower orange trendline, I'd say now is the time to enter, as you can have a tight stop below the trendline and the 20 SMA. Normally I like to wait for confirmation of the break of the bull flag, but in this case I would probably just play the third retest of the top of the bull flag. Once it breaks out of this bull flag, there will be very little upside left, considering the massive strength of the 26.40 resistance level. Only small positions only for this play, hoping to make 20% on a monthly call option. Manage your risk.
NASDAQ:LAZRLong
by barrycharts
PYPL to 270?PYPL is looking good. Today it bounced off of support despite gapping down. It was brought to my attention after seeing many large call option blocks come in ahead of earnings. If we get a bounce tomorrow, there may be a lot of money in store. It's near the bottom of its range of the flag, so now is a great entry point. In the most bullish case, I could see it hitting that 278 resistance at the most. However, in the bear case, we could see more downside to around 255 support. We also opened below the 20 SMA today and got rejected hard by it. Indices are also not looking great recently. What do you think?
NASDAQ:PYPLLong
by barrycharts
On Zoom, the Corrective Pattern is absolutely finished We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout. Generally speaking, it is not a good idea to trade a direct breakout of these massive structures. The main reason is that fake-outs are common, and if you are a breakout trader, one of your objectives is to avoid low-quality scenarios as much as you can. For that reason, we have defined a bullish scenario we will be waiting for. Bullish Scenario: If we observe a breakout of the corrective pattern, we will be waiting for a retest of the broken structure or the resistance level. The formation we want to see must be formed at least for 5 daily candlesticks. Finally, we will trade, as you can see on the EXPLANATION chart. From there, we can aim at two targets, first the next resistance zone and second the previous ATH zone. Expected Time: If everything goes as expected, we may see a 20 days movement towards the first resistance zone and 50 days towards the new ATH (take these two numbers as approximations) Bearish Scenario: If the price cannot break the corrective pattern and the resistance zone, we may see a bearish movement towards the next support zone, around 250 - 240. We are not interested in developing any short setups here. Thanks for reading; feel free to share your view or trading plan in the comments!
NASDAQ:ZM
by ThinkingAntsOk
3
Trading map for ZOOM / Our filters to develop setups.Today we will speak about the exact situation we are waiting for before developing bullish setups on ZOOM. Our trading philosophy is: Define the future situation you consider worth trading. Wait until that happens. Trade or Cancel the setup. What are we waiting for on ZOOM? 1)Wait for the breakout: We want to observe a clear bullish movement that breaks the current consolidation defined with the two yellow lines. 2)Wait for 5 - 10 days corrective pattern: After the breakout, we want to observe sideways movements on the edge or above the broken structure (yellow lines) with a duration between 5 to 10 days 3) Look for a 1:4 risk-reward ratio setup: Suppose the breakout and the sideways movement happens. We will be ready to trade that pattern. We want to be able to catch a 1 to 4 risk reward ratio setup AT LEAST. Why? Because that means that we are risking 1 dollar to make 4 dollars, and if we are right only 40% of the time on this setup, we are still extremely profitable. Also, once you have a clear breakout of a corrective pattern of this size, you tend to see bullish movements with similar proportions to the consolidation. Thanks for reading; we hope this content was useful!
NASDAQ:ZM
by ThinkingAntsOk
ZOOM (ZM)| Approaching The Buying Area!Hi, The price of the well-known video communication software ZOOM has started to approach quite a solid buying area, at least from a short-term perspective. Long story short, technically, the good buying area stays between $240 to $302 and the criteria are: 1) $300 the mid-round number acting as a support 2) Small resistance level in 2020 become support 3) 2x Equal Waves ending points are in the marked green buying box to add strength in there 4) 50% fall from the ATH (all-time high) 5) Minor lower trendline third touch 6) Fibo retracement 62% These are the major criteria for this current rejection area, do your own fundamental research and if this matches with my technical analysis then you are ready to go. The first target stays around $400 ~30-40% The second one will be the current ATH ~100% Stay healthy, Vaido
NASDAQ:ZMLong
by VaidoVeek
5
EW Analysis: ZOOM Is Looking For A Deeper CorrectionHello traders and investors! Today we will talk about Zoom, its price action from a technical point of view and wave structure from Elliott Wave perspective. Zoom made a massive rise in 2020 as it was and it's still very useful app for video communications. However, nothing goes in straight lines, so we see it as a completed wave 3 and since October 2020, we can see Zoom trading in a bigger, higher degree a-b-c corrective decline within wave 4, which seems to be unfinished after recent sideways price action and corrective wave structure, ideally a running triangle pattern within wave "b". Well, with current strong decline, it looks like wave "c" is now in progress that can push the price even down to 280 - 230 support zone before we may see a bullish continuation back to highs within wave 5. All the best! If you like what we do, the please like and share the idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
NASDAQ:ZM
by ew-forecast
2
ZOOM- Bull Flag! 🐂After rising tremendous rates during the pandemic, Zoom got into a Cool-Down period. Now that the bull flag was completed it is set again for a good rise! Fundamentals: Income statement: 2018-2019 --> +298.43% increase 2019-2020 --> +233.66% increase Cash Flow: 2018 -2019 --> +164.24% increase 2019-2020 --> +195.90% increase Big investors are keeping a HOLD opinion on this boy, while the street seems to catch-up on the Bull Flag. Entry Point: In the short/Mid-term with the currently completed bull-flag we are keeping a BUY on Zoom. Long-term definitely a buy as well. Also, the earnings are coming up next month on 03/01/2021 which will add some volume to the stock as well!
NASDAQ:ZMLong
by caldooninvestment
22
$ZM/Zoom Wedge brokenWe see a demand base at $345-$280 blocking the price to drop as a result of the falling wedge caused by the Q3-4 transition. After the stock jumps above the wedge (breaking the trend, see red circle), we see it respecting & hovering around the 382 support established and respected at the following dates (10th December '20, 16th November '20, 10th November '20, 10th September '20, and the 11th September '20) - the price adjusts above and below the support, before starting to push upwards - showing that it *is* being used as a support and not a resistance level. I can see the stock reaching (at least) the dotted blue line as it was used as a resistance in September and December '20 but was also used as a support back in late September and early October '20.
NASDAQ:ZM
by mjokeym