ZOOM
Zoom - downtrend starting?One of the most overpriced comapnies in the whole markets - NASDAQ:ZM may finally be starting its breakdown.
Despite Nasdaq strength today, company is showing very poor relative strength and deliberate breakdown of major support line.
Could be good short opportunity.
ZOOM Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: ZOOM is sitting around strong trendline in brown so we will be looking for trend-following buy setups on lower timeframes.
on H4: ZOOM is forming a trendline in red but it is not valid yet, so we will be waiting for the third swing to complete around it consider it our trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish and can still dive a little below the brown trendline. or till the green demand zone.
Good luck!
ZOOM attractive levels to watch out. Zoom Video Communications
The video communications specialist Zoom Video Communications (NASDAQ:ZM) didn't pay a dividend and didn't repurchase any shares during 2020. But shareholders made billions by just holding the stock throughout the year. The stock price increased by 501% during that time frame, which corresponds to an increase in the market cap of $98.2 billion.
As the need for remote communications surged during the coronavirus pandemic, consumers and enterprises massively adopted Zoom's simple and easy-to-use video communications platform. Given its sudden and unexpected success, the company faced several significant cybersecurity challenges during the first half of the year, but that hasn't scared users away.
In addition to dealing with its security issues, the company has been expanding its core video communications offering into a unified communications platform, partly thanks to its recent Zoom Phone offering. As an illustration, this year, the research outfit Gartner included Zoom for the first time in its magic quadrant for unified communications as a service, positioning the company as a leader based on its ability to execute and its completeness of vision.
As a result of this strong execution, the number of Zoom customers with more than 10 employees surged by 485% year over year to 433,700 during the last quarter, which led to stellar year-over-year revenue growth of 367% to $777 million.
$ZM Zoom is stronger than ever$ zm, I believe, the Zoom share still carries surprises, as it has achieved widespread with the Corona pandemic, this does not mean that it is linked with the pandemic only - rather, it is strange that it still attracts huge numbers of users despite the emergence of the vaccine
Zoom December - January uptrend chartHere is my take on Zoom for the upcoming weeks.
On Nov 10th and Dec 14th it clearly formed a double bottom, the RSI bounced off of that and drawing a Pitchfork on the bottom of Nov 10th (A), And the Top of Nov 30th (B) and the bottom of Dec 14th (C) can clearly show us a new trend, on Dec 21th in the open it clearly got rejected off the first resistance that the pitchfork is showing, and it bounced off yesterday (Dec 22th) at 396 on the support line.
The KDJ indicates that a trend on the 2-hour timeline might be due, we just need to see the first few hours of the market today. If it falls below 403 today, it failed. If not, then we will be in an uptrend towards January.
Also, it is forming a descending wedge, so there are numerous signs of a bullish trend. Share me your thoughts as well.
Thanks!
$ZM - Bull Target $432.5 & Bear Target $380Bull Flag Target $432.5
Break Below Bull Flag Target $380
Zoom december 13th week chartMy point of view of ZOOM, looking at different trend lines, resistance and support, and the rsi. Also if you think about the fact that the vaccine is only for emergency use for now, makes sense that ZM and other 'work from home' stocks should not dump next week, also we can see numerous lockdowns, for example in Germany, and the US.
Im overall bullish, even tho we might see a 360's to form a double bottom.
ZOOM Some pressure left before recoveringZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar pattern.
In my opinion in order to buy ZOOM, I want to either see the 1D MA200 being tested and hold or a weekly close above the 1D MA50. Next Target $800.
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Zoom 30% profits, bottomed out Stochastics and 90MA Stochastics on Weekly and Monthly look bottomed out, as well as touching the moving average 90 base line on the daily chart, indicating a continuation of the bull trend.
Limit order $380 and hold for profits of 30%, then sell a portion and buy back lower.
ZM back on track?ZM has been holding around 400-410 since the drop after last week’s earnings report. I see that as a correction bringing ZM back to the channel from Feb to Sept. Looking at the 30 minute chart since December 1 shows steady buying around the 400-410 range, pointing to steady accumulation. My prediction is without any shocking good/bad vaccine news or other exogenous shocks, ZM will continue on an uptrend. I think institutional investors see value in Zoom’s customer base (small-medium businesses). Just as Amazon was once just a bookseller, Zoom can become more than just videoconferencing. Happy to hear everyone’s thoughts.
ZOOM [ZM] After Earning BounceZoom missed its earnings target, which caused the recent drop in share price. The drop didn't go all the way, it stopped right on the ascending trend line.
In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in price.
Consider Resistance 1 and Resistance 2 as the main targets, but feel free to determine your own targets.
Is Zoom Consolidating Before Moving Higher?Is Zoom consolidating while investors are waiting to see what happens with the COVID-19 vaccine distribution? If the vaccine takes longer than expected to reach citizens. If our habits have changed that we choose to work from where ever more than from the office. Then Zoom is headed higher for $450. Fibonacci time zones show December 9th as a day to watch for this possible movement. Maybe I'm way off in my thinking.
ZM/Zoom Trend Breakout?ZM has been out of its channel for quite long time, If the trend line breaks, it is a good opportunity for the price rise to the lower channel line.
Be aware that Covid-19 has a huge effect on ZM.
ZM - Earnings Risk Management - SUCCESS!!Although my direction was wrong, my risk management succeeded.
Here I walk through what position I took, how I managed the risk and I how I see this trade playing out.
ZM
Zoom
Earnings
Naked Put
Cash Secured Put
Wheel Strategy
Covered Call
