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ZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 (USD)ZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 (USD)ZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 (USD)

ZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 (USD)

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ZMD trade ideas

Bearish Triangle and Death Cross in Zoom VideoAs Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending triangle, with support around $309. This is a classic continuation pattern, pointing to potentially more downside in coming weeks. Second, the 50-day simple moving average (SMA) is about to cross below the 200-day SMA. In other words, a “death cross.” Third, notice how volume has been lower on the green days. Also notice the large bearish engulfing candle on March 2. That’s especially noteworthy because it followed a strong earnings report. It was the second straight quarter that good news was met with selling – another potentially bearish sign. Finally, other important numbers remain a problem for ZM. Its price/earnings ratio is a whopping 75x and price/sales is 34x. Meanwhile, Treasury yields keep rising and coronavirus infections have fallen. In other words, ZM was a very effective way to play the pandemic. But as that moment seems to fade, it’s a very expensive stock suited to a very different market. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview ​for more.
NASDAQ:ZMShort
by TradeStation
2
Growth is definitely not over, just beginningThe market's pricing in lower revenue for Zoom, and other Covid stocks under the (irrational) notion that people will no longer need Zoom after re-opening... however a transformational shift to online working communication, telecommuting, and online education has just taken place and will continue to be the new norm. People are very hesitant to change, period. Now that such a drastic change has occurred in society via online video collaboration and conferencing, people will naturally be hesitant to change especially businesses who benefit from reduced overhead costs and realized they can do just fine without the office real estate. Think of how much communication practice has been supplanted by Facebook and Tinder. New norms and life-changing technology will always be grim and miserable, because money (and war) is the only thing advancing in the world and not human nature and benevolence. Just go long and make money.
NASDAQ:ZMLong
by Bluecaller
1
ZM Will be available under $300ZM clearly changed how we communicate during COVID. Just the way people mentions GOOGL for searching Zoom has become synonymous for video conferencing in professional. It clearly had its run way ahead of its time pulling forward much of that growth in its stock price. This would be the time to stop the sprint and take a pause for consolidation. So far major gaps have been filled. Now $300 would be a major touchdown target and enter consolidation phase to 290-275 range. Bottom picking can be done when 250 floor has been tested and the growth in earnings continues.
NASDAQ:ZM
by anjeltrade
ZM is about to double bottomZM is about to test a strong support at 310$ that as been touch recently 08/03/2021, it may create a double bottom The stock price is currently filling a gap create 01/09/2020 as it suppose to ZM is in a downtrend and he need to (IT Will!) touche the down green trend line started from is 588$ ATH 19/10/2020 I think ZM need a catalyst to run back up It is a the bottom Bollinger Band, the RSI is a around 35 if the RSI down to 30 i its a very strong BUY BUY BUY The potential Upside is huge The worst case scenario is that it break the 310$ fall to 230 THANKS FOR YOUR SUPPORT, I DO HAVE MORE HOT STOCK TECHNICAL TO SHARE CLICK THE LIKE BUTTON AND LEAVE A COMMENT
NASDAQ:ZMLong
by lowkey1804
ZM - Getting ready to rally again ?Since price topped October last year, I've been on the sideline with my clients and put this one back into our watchlist a few weeks ago. Now it seems about to have finished a 3 waves correction wherein wave B is a Triangle. Triangles precede the last actionary wave in the pattern of one larger degree. Simply put, it signals that the end of the ABC correction comes after one more move to the downside, in this case after wave C. This gives us a reason to look for a reversal point. That reversal zone might just have been found as price bounced off the green 52week EMA and the orange anchored VWAP. Notice also that price, although it went a bit below the 100% projection of wave C compared to A, is now holding above it. Same for the 23.6% retracement level of wave 3. So, for now, as long as price doesn't go below 309, I will look to buy and hold this one towards 441 at first followed by the ATH at 588. If price does go below 309, I won't dismiss my bullish view but I will stop buying until I have reasons to believe that red wave C ended and price bounced off a potential reversal zone.
NASDAQ:ZMLong
by ElliottWaveBelgium