ZM 1hr ZM has been consilidating in this range and is now ready to make a move up for higher highs. PT: $414
ZMD trade ideas
ZOOM Analysis on 23/1/2021Bullish Opinion
If Zoom manage to find support around the area 372, most likely it will reach 455 and than only reach 600.
Bearish Opinion
However, if Zoom is unable to find support around 372, it will most likely find support around 325 - 345.
NASDAQ:ZM
My entry and target price
I have enter a small position around 350.
1st target price: 455
2nd target price: 600
* All trading ideas are not investment opinion and are for entertainment purposes only*
$ZM Early Head and Shoulders BottomZoom might be working on its right shoulder of a 2 months head and shoulders bottoming formation. Interesting one to watch.
$ZM Dont get shaken Out
Investors lose due to a lack of patience...
Stock is very bullish. broke and held above previous resistance now using it as support. A good close for the Week means $420+ next.
New entry on ZMIf you follow me would know that I have been watching ZM. I was targeting. 335/325 and made an entry in the 350 zone. I took profits at 364 and got stopped out on the remainder on the drop back to 324. I have since re-entered and now looking to add with todays look on the break of this basing pattern. Stock has some range so plan risk carefully. Hope the detail helps explain my process and trade management. Make sure to go back to my previous post to see how the plan played out.
ZM - Focus on the MomentumLook at that long, steady rise in RSI. We'll be triple-topping soon and I don't expect it to pullback and retest after it pops above $516 - next stop 525-530. If price breaks above $530, expect price action to go full parabolic similar to September 23. Sellers will be quick to jettison the second any weakness appears on the 2-min charts. Once RSI breaks above 70 watch for increase volume from scalpers looking for a quick rise.
If you step back and look the volume profile of this stock, it's getting pretty top heavy and ripe for a major correction (5-8% in a single day). That said, short of a headline saying that a definitive covid-19 vaccine will be available shortly to all Americans, I don't see the momentum drive of this stock fading anytime soon. I suspect will breakdown to $496 again at some point and reboot consolidation between $505 and $518.
That's my short and long-term forecast. Bullish until we go butter knife parabolic. Bearish from breakdown to $496.
$ZM has a high probability of move to $420Do not get shaken out $ZM has broken its downtrend area after crossing and closing above 380.
This will be the first major leg up so expect some shakeouts. When trends are confirmed they very rarely break this is the basis of TA.
$ZM is as of now bullish
$ZM struggling with fib retracement. Inverted C&H?Hello fellow traders and padawans. I did a previous analysis on ZM where I suggested it formed a rounded top (links below). Zoom reacted from the rounded top neckline and rallied a few percentage points. It is struggling with the first fib retracement level for the third consecutive day, which I have anticipated on the previous analyses (seriously, check them out). It looks now that is forming an inverted cup and handle, which is a common pattern to be formed after a rounded top. Bulkowski even suggests them as "related patterns" on his book.
Anyway, keep this on your radar. If the pattern is confirmed there may be way more downside for zoom. Also, there may be smaller patterns within the inverted C&H. Remember: large patterns tend to win most of the times.
Safe trades!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
ZM Bullish Gap FillThis is a bullish gap-fill play. ZM is showing signs of positive momentum and trend reversal.
PT 460 and possibly higher.
ZM is a popular stock that can gain traction quickly, many eyes are on this company.
Thank you for viewing have a great week!
ZM - Falling Knife or Buy?Stellar performance and a covid-19 pandemic hero, Zoom has had mind-boggling performance in 2020. However since the vaccine news are out and the world tries to return to normal the stock has lost steam.
This poses the question, is stock a story of the past or is it a buy-the-dip situation?
Well from a valuation perspective and if we believe the analyst consensus the stock should be valued at around $469 (+20%). However, a closer look at the ratios supporting this thesis I can only find very little sense of buying the stock. But this seems the case for many stocks these days. So my personal conclusion would be, this is a stock to swing trade and not for investing.
What I am looking at;
* The stock only started significantly moving in March 2020, so this is my time frame
* On this timescale the Fibonacci retracement levels (esp. 78% and 61%) have shown significance in support and resistance
* The stock is was approaching the 50% Fib levels in Jan, which coincides the gap higher following Aug 2020 earnings, and is reversing since towards the 61% level
* Price seems to have positively broken a convergence of the longer-term uptrend and the correction that started in October 2020
* MACD seems to have bottomed out showing a bullish reversal trend forming
* RSI is in the 50 levels, i.e. in neutral territory
* On the upside I see resistance around $430 (R1), $470 (R2) and $500 (R3) . Personally I believe R2 is achievable, however R3 and new all time highs won't be unless something changes materially.
I will be looking to trade the stock pre March earnings release;
Buy Limit $395
SL $370
TP $469 (Analyst est.)
***The comments above are my personal view and do not represent investment advice. Risk management is key, do not trade what you cant afford to loose***
Key level on ZMAfter Friday's trading session, ZM is now on watch for a bounce off its support zone to retest the 400 area. Breaking above that should see 410s, watching very closely this week. ZM must hold above the 380s zone to continue trending higher, good luck!
$ZM the LONG WAYI Hope You Enjoy my content.
@KarmaBACCARROUND
$ZM
Target Price $510
Hold On For The Ride!
Decent risk reward setupI am definitely not trying to Zoom post the COVID vaccine but what I am trying to do or how I feel means nothing to the market.
$zm - falling wedge, bullish divergencefaked out on the breakout from friday. this week should bring bigger moves with this bullish divergence + falling wedge.
$ZM Constructive Bottoming ActionZoom is finding support at 200 MA and its earning gap from back in august. The bounce the from the 200 MA the last 3 days showing decent volume coming in pointing to institutions stepping back in after 40%+ decline from ATHs. I think stock needs another couple of weeks of back and forth price action to build a solid bottom. For one, the 50 MA still slopping downwards and acting as resistance. On my watchlist to keep an eye on how things develops.
ZM Zoom Inc Elliott Wave and flag pattern buy opportunityBuy at 325 with SL at 345 and target of 825. you can scale down at the black lines of higher targets.
