ZM trade ideas
ZOOM (ZM)| Possible Short-term Rejection Area!Hi,
Just an idea to look for fundamentals because Zoom's price trades near $100. Technical analysis suggests that we can see a short-term rejection from the shown area.
Criteria:
1. Round number $100
2. Channel projection
3. AB=CD
4. Fibo Extension
5. Previously worked resistance level becomes support
6. Possible rejection from the bottom of the range
Do your own analysis and be cautious!
Regards,
Vaido
ZoombiesZoom on track to rise from the dead as it reaches a fair value determined by the Graham Lynch model back in 2021.
As pointed out prior to the looming bubble pop
Tipping momentum is indicated by the MACD reaching up to the zero bound amidst price decline
A retrace towards 200 is the near term target
Crazy Price Action on ZOOMWhat a perfect chart pattern! The sell off from the nose bleed levels of $500 plus was astounding. This is a classic technical and fundamental analysis of a company that became incredibly overvalued and massively overbought. This looks like half of the stocks that have been corrected over the past 6 months. As the market correction continues we could see ZOOM down to $75 bucks a share.
I shorted ZOOM back in Feb, 2021... I should have posted this original chart back then. Anyway... this is just a perfect example of a high probability short.
ZOOM ,DO NOT HESITATE.JUST BUY ITi think foundamentaly zoom is undervalue.the price has retested before pandemic level.although during the pandemic,the company made a lot of profits .besides from now on, remote working will be used as a serious method.
I am used to analyze charts in a simple way.lets look at chart:
technically there are six reasons why i am optimistic that the trend will be reversed:
1.the price is near the very strong static support line (demand area) in the weekly time frame.
2.the price has supported with dynamic support line(the green one).
3.the price is on the bottom of desend chanell.
4. strong bullish divergence has happend between Price & Rsi(i have shown it with a red line on price and rsi indicator).
5.bullish candels has shown in daily time farme(engulfing candel) in daily time farme& hammer candel stik in weekly time frame (not complete yet) on the price action level.
6.RSI is in oversold area in the weekly time farme.
ZM Nearing strong support levels Daily Chart AnalysisZM has been trading down for awhile and now nearing strong support levels on the daily chart. This stock has been left out in the cold for too long! Bring it back into your long term portfolio like in an IRA. Plenty of cash vs debt, are they looking to acquire another company? In my opinion it looks undervalued. Rates going up has been dampening tech but this company has low debt.
Before I go, remember the Noah's ark!
Existence of the Noah's ark means mankind came from the same race. We all have the same ancestral heritage if you go back far enough to Noah's time. Racial bigotry and hatred only hurts mankind in the long run.
www.google.com(Noah%E2%80%99s+ark)/@39.440774,44.2340919,271m/data=!3m1!1e3!4m5!3m4!1s0x0:0xe89a1464a2aad99a!8m2!3d39.440621!4d44.234543!5m1!1e4
Shalom Aleichem (Peace unto you)
Zm short !!Despite the sharp drop in Zoom stock I still think it has room to fall. Admission at a current price of $ 136 with a stop at a price of $ 150. For several weeks now the stock has been trying to rise and sellers are lowering it. No doubt the sellers control the stock and I think it has somewhere to go.
$ZM to 257 by May 31st if US10Y cools offUpside Targets:
193.99, 257.52, 291.18
Downside invalidation: weekly close below .854 fib (138.04)
Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground.
If the bullish sentiment picks up I can see this going along for the ride for a trip up to $257 by end of May. If the US10Y (white line) cools off I could easily see this stock continue to follow that trend and get some momentum to the upside.
The upside risk to reward seems quite good. You can set a stop below the .854 fib and move on if it continues to die.
Lyra is currently showing a multi week divergence of money flow going in while price seems to be bottoming out.
Volume indicators seem to be showing less and less selling volume over time meaning that we could actually have seller exhaustion. If we start to see increased volume with price going high I will def take this one for a ride up.