ZM trade ideas
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.
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ZM Close to Where it Was at the Start of the PandemicZM is within 20 points of the levels where the SPX500 cracked. 108 is a low risk buy entry.
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.
ZOOM at supportMonthly RSI @40
Weekly RSI is oversold(21)
Weely Support @ $130-140
if this said support is held, it might see a bounce to 200 levels initially.
SPLK and ZEN Had Takeover Overtures This Week. ZM Could Be NextMany software/service stocks are getting takeover interest. ZM has a big market cap compared to SPLK, but almost where it was when the pandemic started.
$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.
ZM: More Pain on the WayUnfortunately, COVID darling ZM ZOOM looks to be headed to the 107 area and possible 100 over the next few weeks. A relief bounce could temporarily get it to the $170 range, but ultimately will fail. I'm a buyer for swing shorts on any green day.
zoom long . zoom had found support at 136 region. am long zoom.
a valid close above 153 would expose higher levels for zoom.
ZOOM LONG zoom long might be in the play for tomorrow or monday.
inverse head and shoulder pattern forming, would await a bullish close above 143 to confirm the pattern.
ZooMvideo PredictionJust expect to happen something like this!!! we are in complex wave 4, and here is the chance to start wave 5.
Also We may encounter a triangle pattern!!!
ZM LongBreakaway Gap
Down trend Wedge breakout
Demand Zone Confirmation
RSI Oversold + Divergence
Entry 130
Stop 152
Target 200
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Zooming to SupportSupport at $105. Support will hold because RSI is oversold & Zig Zag ABC correction is coming to an end. Easy outlook! Have hedges up to $100 in case of a wick. Good Luck!
Zoom almost bottomed will consolidate between 180-220Zoom is a great company to hold on to , But you cant judge based on shorter timeframes. You need to start Dollar Cost Averaging in this Range for the next 18-24 months. This is where the consolidation happens. I have 200 shares and ready to buy 400 more for the next 2 years, I am long in 5 years time horizon, but in the near term 180-190s is in the cards, Hence Short.
Bullish gartley completed and ready to attack?Bullish Signs:
Bullish gartley completed (on long term trend)
Bottom of support trendline of a falling wedge
Short-term RSI bullish divergence (against the trend)
Potential completion of the ABC Elliot wave correction
If this is right, we could see an attack into the SMAs (possibly the 200SMA ~$250). Would also think another attack would probably be to fill the gap in the $300's.
Not financial advice.
$ZM LONG IDEABeaten down, the most celebrated covid stock is down to its March 2020 levels, like the covid growth never happened. Its trading at 45 P/E right now with a lot of cash in hand. I think the bottom is near and tutes have been loading Zoom over the past few months as price was declining. My buy target is 160.
Trade Idea
Entry: $180C 03/18 when stock hits $160.5
Targets: $188, $204,$230
SL: $150 (previous support from March 2020)
Zoom - Possible ReversalSupport in falling wedge pattern aligns with support zones from April 2020 at $163 level.
Positive divergence between SP and MACD.
RSI close to oversold
ZM - 30MPuts into Friday. Testing new volume indicators.
Confident that there's nothing to break the downtrend anytime soon
