ZOOM - WEEKLY BULLISH DIVERGENCE - BUY NOW In September 2022 we published the trading idea where we expected more downside for ZOOM:
Now it's time for an update and more details!
ZOOM price most likely is at the bottom now or very close to the bottom.
Weekly bullish divergences are not a joke. We expect at least 75 % pump.
What about the stop loss?
You can put a stop loss below the key support, however be careful! It may just fakeout below the support to kick you out from your trade.
ZOOM is down 88 % from its ATH. It's not a time to be bearish. DCA into ZOOM and enjoy the profit soon.
Zoomed
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.
Zoomed out Hey,
This is my Bitcoin view in the longer term. (EW)
I zoomed out to get a better perspective where we could be in the larger picture.
I was able to get a clear count in the bitcoin log scale chart, which makes me believe we still are in a larger big wave 4 correction.
A very complex wave 4 correction but possible as the large wave 2 was pretty simple.
What you see here is the wave 4 still incomplete, my lowest target would be the 0.5 fib level ($1800).
Invalidation level at the top of the big Wave 1.
I know we got the halvening coming up soon, maybe we all expecting to go the moon in 2021 and thats why it wont happen.
Lets see how this ages.
Goodluck yall'