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ZOOM COMMUNICATIONS INCZOOM COMMUNICATIONS INCZOOM COMMUNICATIONS INC

ZOOM COMMUNICATIONS INC

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ZM trade ideas

ZM needs to hold its channel and support at $350When ZM offered $1.5 billion of shares last Jan for $340, it makes me believe it's strong support of ZM. Now ZM will consolidate in the range of $350 - $450. If ZM can somehow reach back and break its strong resistance at $450 and hold above $475, I believe ZM could reach out back to its ATH Safe zone to buy: $375' Go long: $475 Fundamental catalyst makes me believe going long ZM because of Cathie Wood, also ZM have $4B cash in balance sheet, enough to acquire another business or start-up to expand its communication platform for enterprise, plus the company is making money, very clean on balance sheet and very minimal of debt, just very too young in the tech industry, need another year or 2 years to convince people. Tesla needed 4 years before taking off.
NASDAQ:ZMLong
by K_K88
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
Zoom looking for a new ATHIt looks like the market favoured the last earning releases from the company this week and price has increased with volume which is a good indication of bullish momentum kicking in. On the technical side we have an overall very strong bullish trend that has been under a correction during the past weeks. This corrective period formed a descending wedge pattern on lower volume that just recently was broken out to the upside and then retested. Thus probability is on our side for another bullish leg to play out. targets here are the next Fibonacci extension levels from previous bull run. This being: Target1: 1.27 fib extension at the 680$ area. Target2: 1.618 Fib extension at the 810$ area.
NASDAQ:ZMLong
by Murci
4