ZM - Lazy investingWith vaccines being approved and distributed, stocks such as Zoom and Peloton will have a strong correction in the coming quarter but will have a good future ahead. Both have competitors from tech giants.
ZM trade ideas
ZM Long off the 100 DayIt's been in a down trend since highs of mid October, but in an overall up trend still, I'm taking a play off the 100 MA today, and holding long, if it breaks support, then canceling. As always, due diligence and this is an analysis and in no way advice for trading.
Zoom december 13th week chartMy point of view of ZOOM, looking at different trend lines, resistance and support, and the rsi. Also if you think about the fact that the vaccine is only for emergency use for now, makes sense that ZM and other 'work from home' stocks should not dump next week, also we can see numerous lockdowns, for example in Germany, and the US.
Im overall bullish, even tho we might see a 360's to form a double bottom.
ZOOM: le distanciel c'est bientot terminé:Objectif 288 $RSI en zone baissiere.
Un franchissement de la fibo 0.5 a 387 $ confirmerait la tendance bear avec
TP1 364.05 $
TP2 330.97 $
TP3 288.83 $
ZM: Leading diagonal in playThis is how I see Zoom Video. We have completed Wave III of the cycle from the March 2020 lows at the high ($588) and experienced a pullback in Wave IV. Wave IV pullback was completed in a WXY correction at the low of 366. From there ZM began Wave V, where price action is currently extending in a leading diagonal structure to complete Wave V. My estimated target for the Wave V high is $725, the inverse 1.618 extension of Waves III - IV. Let me know what you think guys, especially if you have experience/ expertise in Elliot Wave analysis. Thanks and Happy Holidays!
My charts are created using Elliot Wave analysis in combination with fibonacci extension and retracements.
ZM LongCloser look at this stock. No SL for them, just assertion as to where price might rally. We see that price did a pullback to the down side due to economic calendar news release. Price action has created a double bottom, implying market to rally up. Price has completed the incomplete double bottom which still needs a break out from the neckline. Buy position should be taken once price comes back to retest the breakout area support with a sufficient price action rejection of the same before entering on a BUY.
The $ZM Selloff is halfway complete$ZM has had massive selling pressure since Oct. Expect 100% retracement by the end of the year, holding the 100% retracement going into the next earnings run up.
Zoom Inverse Cup and handle There is an upside down cup..... and an upside down handle of a cup ....
A daily close below 375 will trigger the short trade
TD red sequentials daily and Weekly already has triggered the trade.
Why I like this idea :
- Vaccines may mean investors turn their attention away from Covid stocks and towards e.g travel, ipos,
- Downwards moving daily short & intermediate moving averages
- Downwards curving 3D 20SMA
- MACD & RSI in negative territories
- If the weekly closes below the 20SMA - great.
Risks of this trade:
-Wide Stop loss - The swing high at 478 - 20% giving an unfavourable risk rewards ratio. Can use the Blue line 50SMA as stop loss but still wide.
- If heavy Covid vaccine side effects reported - this stock will likely reverse to the upside in anticipation of prolonged Covid and uncertainties on next vaccine (less likely scenario)
ZM broom broom broom... up or down any thought?ZM broom broom broom... up or down any thought?
We're still using it all over the world.
The income was great.
Will it go to $273 or back to heavenly track?
ZM LongI'm bullish on ZM as long as it hold $380. Targeting at least $500 at the golden zone. Also see a potential IHS in play
ZM US | Potential head-shoulder topBreak-down through neckline could lead to >-50% downside.
Stock is still trading on > 130X current (Fy21) no-gaap eps guidance.
Don't get me wrong, It is a good company offering good product. ZM (and GSX) were the only 2 buy-and-hold stocks I suggested to my hedge fund clients in late 3Q19.
From a user perspective, (I am currently a CFO at startup doing M&A), most of the virtual meetings were done with ZM at the beginning and middle of the Covid pandemic. However, in the past month, virtual-meeting invites started showing "Cisco Webex", "Microsoft Team" and "Google Meet"; I actually think Google had the best quality. I am even looking into Zoho virtual meeting, which is the online accounting software we are using....can't help wonder how competitive is ZM's advantage in the long run.
let me know your thoughts.
