Zoom Resistance Levels before earnings Zoom has currently bullish riding an upward trend. Look for it to pass the 474 resistance pre-market and fill the gap to 503. It is trading above the MA40 and MA13. For best risk management practices, watch for the shift after the earnings are release monday evening.
ZOOM
ZOOM Earnings Hypen a little more than a week ZOOM has their new earnings call for Q3 2020. Investors are taking notice and have started to buy up shares aggressively.
Trading earnings is a difficult and risky business, my advice would be to ride the wave and exit before the earnings take place. Much less stressful and risky.
Consider Resistance 1 as the main resistance in the coming week. If the price action remains exceptionally bullish, Resistance 2 could be reached, but I doubt that. Resistance 2 would be the new target if the earnings are very positive. It's unlikely that Resistance 2 would be reached before earnings.
Make or break for zoom!Could be forming a pennant looking for them to either break up or down. Looks like it is having troubles at the next FIB level could just need a boost in volume to start another uptrend. With things slowing down and more and more shut downs coming back keep an eye on a possible move in zoom!
Zoom , falling downWe are in a bearish channel, well defined, where the price is concerned. If in the short term, it confirms breaking the first support, the price has free fall until the second support. At that point is where I see, a possible change in the uptrend, respecting the second support and trying to break the bearish channel with force.
Otherwise, if he does not succeed, the fall will be strong.
You have to watch the work area and make the right decision.
$ZM #WhatsComing$ZM got crushed hard on vaccine news and finally things are unfolding where trials are not painting a greener picture.
On top of it, all companies which are announcing promising vaccine, their CEOs are selling huge lots of their stock and cashing out, which looks really -ve
$ZM should be back to 500 levels and 600 levels in coming month.
Pick some Nov 20th ZM 500 Calls @ 5
Pick some Dec 4th ZM 500 Calls @ 18
ZM Earnings AnticipationZM is gearing up for a good move ahead of their earnings report November 30. Currently flagging, it is looking to clear a 419 resistance + breakout before pushing up to its next resistance around 446 to 451. If it can clear this level, it may attempt to fill the gap (modestly at the next resistance 477.50, or aggressively at 482.50). Ahead of their earnings, and with further shutdowns due to the virus looming, this could potentially be a large move for ZM. It has shown us in the past that it can perform well, both earnings-wise and market-wise. Keep an eye out for any new vaccine updates as this may negatively affect ZM's movement if the news is good, or vice-versa.
Zoom - Time To Boom Pt 2?Lockdowns starting, schools going online next week, and best of all potential reverse head and shoulder movement forming? Zoom is on heavy watch for me for a short term movement. As a long term company, globalization will continue to push this household name higher NASDAQ:ZM
QQQ: What Are We in for Next Week?Hi All! Spotted something I wanted to chart out for you all to see.
Quick Update:
Since we had our huge sell off in September, we really haven't traded much between 286 and 291. Sure, we did fill in the gap between between Oct 15th and Oct 19th but when we look at the larger time frame, we realize we've only traded in that area just 4 out of the last 65 trading days. That's roughly only 7% of the time.
Now let's look at what price did when we actually broke these two gaps. On Thursday, Oct 15th, we opened up by gapping down right into one of our wedge trendlines and consolidated price between those two trendlines. Then, after getting pressured out of that area, price dropped to another one of our wedge trendlines and continued consolidating until the sellers finally took over.
This confirms the strength of the trend inside of the wedge pattern.
I point this out because, if we start dropping next week, we may need to look to some of these lines for support. They may become crucial next week as we might look to fill the gaps.
Gaps are very tricky to deal with, they may want to be filled by the market, or they may want to avoid them altogether. We should pay close attention to these zones next week.
PLEASE NOTE: This is just an analysis and I am not responsible for any of your trades.
This is a short-term bearish perspective. It's my view on the technicals currently available on the chart and should only be used to dispute or support your original thesis. NASDAQ:QQQ
Zoom Opens Strong but into ResistanceQuick update on how ZM opened up today. It looks like we are breaking out of one of our biggest concerns, the rising wedge we developed over the last few days.
I'll continue to update this chart as it looks like we could be regaining our important trendline structure.
NASDAQ:ZM
Zoom Looking Strong Despite a Few Concerns 1hr ChartToday Zoom had a huge day which indicates this stock may remain strong no matter who is elected. This is may attract more buyer attention as people look for safe stocks. However, it's been considered this stock is overvalued. With the recent 25% sell off and possible stay at home orders on the horizon, we might see investors start piling back in.
My analysis is an interpretation of what I see on the chart, and what could be happening in the news. None of this is recommendation to buy or sell any stock.