Zoom or BustIf the first leg up extends farther than the lowest orange line then this specific strategy is void.
That is all.
ZM trade ideas
ZM on watchLooking for at least a short term bounce off this gap support with fib clusters. Must be careful with this one and keep stops tight. If the gap is lost to the down side the lower green zone is the next area of significant support and it's a ways down. My initial profit zone would in the 370 area. Best setup is to watch for a lower time frame reversal pattern in or above the top green zone and manage risk that way. I will do my best to update the chart if I see a reversal pattern forming that I like.
Additional Info:
I am an intraday scalper and short term swing trader of stocks & Futures using options and equity.
I focus on high volume momentum stocks in strong uptrends.
My time frame is between 5minutes to 5 days on most trades.
I scale into positions and scale out of positions as my targets are hit.
I always trail my stops after T1 is hit to reduce risk and lock in gains.
If my post is on a Weekly/Daily/240M chart the idea is a swing trade.
If my post is on a 60M chart or lower the idea is a day trade.
Day trades can turn into swing trades if the stock is strong.
All trades should be supported by market direction.
Treat my posts as trade ideas and not signals.
Traders must trade using their own back tested trade plan and rules.
Traders must plan risk first and profits second.
Happy Trading!
$ZM Zoom Video - Small Glimmer Of Hope
Bulls are really hanging on by their finger tips,
valuations became important and the darling stock of 2020
has suffered more than most as a result.
Tuesday action does however give a glimmer of hope as the stock reached
oversold levels and Bulls managed to cling onto
the gap support and the rising trendline.
Weak as that support is. it may be enough to give a relief rally in the stock .
Below that gap also offers a well defined risk level.
Longs could look to a move back to $370 - $375
The alternative is a drop to $300
ZOOM AnalysisCongratulations to people who bought ZOOM share from EngineeringRobo's buy signals, enjoy your 386.64% PROFIT that you made in 9 months!
As of now, there are 3 different SELL signals (sell 4 is behind sell 2) and EngineeringRobo is bearish.
If you want to buy ZOOM share, you can buy at EngineeringRobo's BUY signals or you can buy at my support level (259.39).
Also, if the candles will open-close above my resistance level (561.21), this may be a good opportunity to buy.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
$ZM the first target 411$ In fact, this is my first technical analysis on TradingView, but I've been monitoring this stock for a while and thinks it's not worth the high value.
NASDAQ:ZM
ZM - buy the dip?More COVID news - new strain from the UK was found in Colorado.
That means it's EVERYWHERE...
Buy the lockdown play at its support. #tradeidea
$ZM (IV Rank 13%) - debit call spread $3.85
Risk: $385
Breakeven: $364
Max Profit: $615 (if above $370 by expiration)
+1 JAN 15 $360
-1 JAN 15 $370
Elliot waveI am not an expert but it appears that we have 5 waves, followed by ABC consolidation and now we should see the first wave of the 5 elite waves in this or coming week.
ZM PutsZoom has completed a head and shoulders pattern after a massive run up. It's market cap is $100b, which over the long term is insane for what the company does, and even more crazy when you consider:
- Usage is expected to massive drop next year.
- Competition in this space is fierce against huge companies that could close the gap on making a better version of video conferencing any quarter now - Microsoft Teams, Google Meet, Cisco Webex, Uber ... etc
As a result, this is worth a shot. $290 Put at $3
Target of $230 - Reward of $57
RR of 19x
January/22 expiration.
Zoom 1k+ In 2021...Correction may be over I see 2 termination points for this however the current fib level and 0.382~ once the low is in we should climb above 1k next year.
Going to wait bit to see green candle and near my buy zoneGoing to wait bit to see green candle and near my buy zone
ZM Bullish Cypher and Gartley on DAILYHarmonics lining up at $306 area... wait for B point Break then confirm D point.. would be a potential Buy entry.
Zoom now has a better risk rewards for a short Why this chart is bearish:
Moving averages - short term and medium term down.
TD sequentials - Red count on higher time frames ongoing
Chart analysis - Descending triangle : 65/35 % chance of down/up respectively
Why this is a better short call than last time -
Last time the RISK was the swing high at 480 - 20+ % which makes a very high risk relative to rewards
Now the risk is $420 - less than 10% Now we have a more favourable short.
Zoom - downtrend starting?One of the most overpriced comapnies in the whole markets - NASDAQ:ZM may finally be starting its breakdown.
Despite Nasdaq strength today, company is showing very poor relative strength and deliberate breakdown of major support line.
Could be good short opportunity.
ZOOM Trend-Following Setup!Hello everyone, if you like the idea, do not forget to support with a like and follow.
on DAILY: ZOOM is sitting around strong trendline in brown so we will be looking for trend-following buy setups on lower timeframes.
on H4: ZOOM is forming a trendline in red but it is not valid yet, so we will be waiting for the third swing to complete around it consider it our trigger swing.
Trigger: Waiting for a momentum candle close above the gray area to buy.
and until the buy is activated, this one would be overall bearish and can still dive a little below the brown trendline. or till the green demand zone.
Good luck!
ZOOM (ZM) Buy at $486.93 Profit Taking at 608.66
Zoom. Most have heard of it and most have used it. it is one of the covid stocks of 2020 that has had a huge run up and lately it looks like every time a position is entered it is sold shortly after. The main reason is because it is potentially forming a double bottom base to shake out the weak holders for another 25% run. Below are the sales are earnings
Quarterly Sales:
Apr20: +169%
Jul20: +335%
Oct20: +367%
Quarterly Earnings:
Apr20: 567%
Jul20: 1150%
Oct20: 1100%
Both the earnings and sales are expanding exponentially but the stock hasn't budged much since might be a sign of topping action. There is a potential buy point if it undercuts the B point low and comes back up, which is called a shake out + 3. We shall see the price action of this stock.
For more info on double bottom bases click here:
Thank you for reading the write up and be sure to tune in to Stocks Over Coffee for more insights!
