Zoomvideo
Time for Longs in Zoom AgainMore lockdowns will mean more work-from-home arrangements and more social distancing measures. Usage of video conferencing for work and for social purposes will continue to rise.
Despite the recent weakness in Tech Stocks, Zoom Video is testing its all time highs again. With surging Covid-19 cases and the threat of lockdowns looming in various countries, this stock is likely to power higher in the weeks ahead.
$ZM coming to a ZOOMING halt NASDAQ:ZM
Zoom is finally breaking down from its parabolic COVID run up and it may be time to look for puts/shorts in this name. After topping out around $275, PA ranged between there and $240 (which it touched 3 times) which also happened to be a major horizontal S/R line of mine. To further backup this beautiful bearish setup I am painting for your glorious indulgent, we may have already seen a textbook S/R flip of the magical $240 line and our next leg down may come sooner rather than later.
Ultimately my first target is the $213 area where I will look to close 50% of my short. From there, I want to see a strong bounce before I think about closing out the other 50%. If we don't hold the $206-$213 area and move up quickly, things could start to get ugly for Zoomers and $165 could be in the cards (dream buy).
Wild card here that could throw a wrench in the trade is earnings on 9/3, which I expect to be half-way decent considering the new influx in business/popularity the last 6 months.
Good Luck.
- PennyBags
$ZM Potential Breakout | Options Update$ZM Zoom looks for a potential breakout by EOW.
Cramer believes Zoom is a stock that can thrive even if the coronavirus continues to rise in states in the U.S. moving forward.
My Play once we break and hold above $254.90:
TP: $269 (7% leg up)
- ZM call $265 7/2 @ $535 per contract
or grab time...
- ZM call $280 7/17 @ $620
Do not trade this, I'm waiting for confirmation prior to entry. This is not financial advice.
DotcomJack
Zoom Video Communications Technical AnalysisBased on Technical Analysis:
Wait Before going long as a possible setback/price retracement might start.
Wait the resistance will be broken before going long.
There are concerns about a second wave of COVID-19, that generally, it is not good for a global economy.
Zoom Video Communications Technical AnalysisTechnical Analysis:
Based on technical Analysis there are the following two options:
1. Breakout of the top trendline - Bullish Market will be resumed - Wait one more day to confirm the breakout or wait to get the 3% penetration. (55%)
2. The prices will bounce back in the triangle pattern - Price retracement option. (45%)
The option 1 and 2 might be influenced by the EARNIG REPORT RESULTS.
Fundamental Analysis
Zoom Video Communications (NASDAQ:ZM) will report its first quarter earnings for its 2021 fiscal year after the market closes on Tuesday, June 2. Analysts are expecting $0.13 a share profit on projected revenue of $276 million.
Zoom to end their call? Prospectus...A classic head and shoulders by the almighty Zoom. It's not unlikely that their run is coming to an end, but we could see a bit of upside before we suffer downside. I would expect a bit more reactionary price action before the main crash.
We have a textbook Head and Shoulders forming, with a consistent neckline in line with the hourly open. This has been a stock I've been following for a long time, and I've had the Head and Shoulders idea since the 24th April, or its second peak. It's very difficult to analyse stocks, as they tend to follow fundamnetals more - but I'm really confident on this one. It's not often that the H&S pattern fails, let alone reverses. We shall see how this plays out alongside the falling volume.
Be careful with this idea, as it could reverse for a second time. Place a stop loss where you can afford to take losses - I have placed a potential point of entry on the chart, but personally I will enter here - as I can afford to do so due to my level of margin. Trade responsibly. NFA
ZOOM VIDEO COMMUNICATIONS INC (ZM) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
Zoom Easy Trends to Buy and SellReally both red lines will happen eventually. I think this is WAY OVERVALUED at $150. I actually can see zoom being dumped after the virus it doesn't even come close to stacking up to other platforms. Might even break the bottom trend eventually. All big corps are against it. Either way the buy back in zones are absolutely obvious.
If you have stock shorting is an option today it already failed at the support of weekly and failing all timeframes below it. Just an opinion. I don't want to throw down 5 grand on shorting this lol.