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Zoomvideocommunications

$ZMThe company's name quickly became a verb as friends, family, and co-workers tried to stay connected. And Zoom overcame the unforeseen challenges that resulted from heavy consumer usage of a product that was intended for businesses. Now that growth is coming back to earth, the stock has fallen 51% from its high last year. Despite that, there are several good reasons to think Zoom could stage a rebound. And one reason it might not. In the second quarter of last year, Zoom saw sales climb more than 350% and customers with more than 10 users jump over 450%. That led to some issues. Management pledged a 90-day moratorium on feature development and dedicated all of its time to security and privacy. It executed its seven-point plan and avoided what could have been a growth-crushing problem. Zoom continues to innovate. Recent announcements at its Zoomtopia conference include video voicemails, whiteboard, and live translation. It also highlighted applications for high-touch use cases like doctor visits and wealth management. Some might argue none are revolutionary. But the incorporation of all of these tools into a video communications platform makes it a compelling product for the enterprises it is targeting. On the technical side of things ZM is currently sitting at support while it’s formed a descending triangle. We can also see that the MACD is curling w/ the RSI sitting at an oversold level on the daily chart. I suggest keeping this on your watchlist. - Factor Four Side note; Regardless of the pattern it doesn’t mean I’m bearish on ZM. I’m actually fairly bullish long term.
NASDAQ:ZMLong
by TheBlankFund
$ZM key bounce/institutional entry!Zoom is bouncing... Just look at the daily candles leading up to our 3.40% bounce on friday 9/17, they couldn't have looked better than that. You also cannot ignore the oversold RSI on the daily, we have NOT seen this since the last time Bernie Sanders had a heart attack, which was in October of 2019. I love the entry here just waiting for a trigger and confirmation, the technical side of $ZM doesn't even look nearly as good as the potential fundamental side this company has in the near future. I wanna keep this short, please do your own research.
NASDAQ:ZMLong
by UnknownUnicorn16468156
1
Elliott Wave Analysis: ZOOM Could Become Attractive AgainHello traders and investors! Today we will talk about single stock ZOOM, in which we see pretty nice and clean pattern. As you can see, ZOOM made quite big decline since October 2020 till May 2021, lost more than 50%, but it looks like a three-wave a-b-c correction within a higher degree wave 4, especially if we consider recent strong and impulsive bounce from the projected support zone, which confirms a completed correction within uptrend that can send the price back to highs for wave 5. Furthermore, we can currently see a nice three-wave (a)-(b)-(c) setback of a lower degree which may belong to a subwave "ii" of a higher degree wave 5. So, if ZOOM manages to recovery back above 400 region once again, then we can easily expect a bullish continuation back to highs, probably within a new five-wave cycle for wave 5. What is also important to mention is that holidays nearing the end, so schools and everything else start in September which means that there will definitely be more demand for ZOOM. In case if the price stay slow and sideways, we can also consider a bigger bullish triangle pattern, so bigger and longer consolidation within that higher degree wave 4 correction before we will see a continuation higher. Be humble and trade smart! If you like what we do, then please like and share our 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:ZMLong
by ew-forecast
1
ZOOM VIDEO FLAG AND POLE Hello All Hope the last trading week was in the green for all of you. Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily). Good entry point if the daily takes support of the trend line and closes above the previous low. Stop loss just below the support trend line of the flag ( see red horizontal line ) . My entry is at the yellow horizontal line. Risk management rules fit well to a 2% rule if you start with a small to medium position for now. Can always pyramid on more while the stock is on its way up after a breakout of the resistence trend line of the flag with zero risk. ( stop loss = entry point ) or even add a trailing safe zone stop loss for profit taking. The target beautifully meets the previous resistence as you can see in the picture ( marked green horizontal line ). If you like the idea and would want more of such entries and exit ideas , please leave a like and a comment. Your support is greatly appreciated. Happy Trading
NASDAQ:ZMLong
by FoxxInvest
2
(update) zoom stocks has just done a Great bullish movement!Hi every one ZOOM VIDEO COMMUNICATIONS this is an update for our recent zoom stocks analysis. as you can see the falling wedge which we talked about in the last analysis has been broken by the price ,so now with more assurance we can say that the zoom stocks is about to increase to the top of this wedge once again! now the price is doing a pullback after that a great pump is waiting ! Previous Analysis: Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. Thank you for seeing idea . Have a nice day and Good luck
NASDAQ:ZMLong
by CobraVanguard
13
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