ZM trade ideas
ZM $240 PT by mid JanZoom gona hit bottom around $240 Mid Jan based on time frame. Im not too good with fib time zones but the waves are accurate.
Get puts for march
ZOOM Some pressure left before recoveringZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar pattern.
In my opinion in order to buy ZOOM, I want to either see the 1D MA200 being tested and hold or a weekly close above the 1D MA50. Next Target $800.
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ZM Flagging downZM is having a small bearish flag pattern within a rounding down formation. Its moving averages are acting as resistance. I'll play this to the 375 area as a target.
Zoom 30% profits, bottomed out Stochastics and 90MA Stochastics on Weekly and Monthly look bottomed out, as well as touching the moving average 90 base line on the daily chart, indicating a continuation of the bull trend.
Limit order $380 and hold for profits of 30%, then sell a portion and buy back lower.
ZM BuyExpecting a break above rectangle , sitting on a push up to the .50 of the last swing low/high. If it fails to push up I see sells below that zone.
Rising TideThe wave is crashing but the tide is rising!. What this means, the stock has fallen in value, however it is on the rise and many indicators point to it increasing in value. First, the Bollinger bands at the very top, it is about to cross at a low point giving a buy signal. Second, Divergence+ is showing growing bullish divergence. Third, the Kurotoga cloud. The Kurotoga cloud shows resistance at $411 a share on the 45min chart. however it is a large cloud and the price can move further into the cloud and still be under resistance. It still has potential to hit $425 based on this previous statement. RSI is a low 42 and MACD shows room for growth while bullish volume is increasing.
Will be watching closely, I see a rise tomorrow.
What are your thoughts? Comment below
ZM back on track?ZM has been holding around 400-410 since the drop after last week’s earnings report. I see that as a correction bringing ZM back to the channel from Feb to Sept. Looking at the 30 minute chart since December 1 shows steady buying around the 400-410 range, pointing to steady accumulation. My prediction is without any shocking good/bad vaccine news or other exogenous shocks, ZM will continue on an uptrend. I think institutional investors see value in Zoom’s customer base (small-medium businesses). Just as Amazon was once just a bookseller, Zoom can become more than just videoconferencing. Happy to hear everyone’s thoughts.
ZMBack to $575 if the blue uptrend/6.854 retracement hold? Then $890? Would be about a $250B market cap. Sure why not.
Target 460 one last stop then drop more If Vaccine approvedI know one state stay at home order but still not enough. NY and other states are avoiding shutdown because of cannot afford to paid unemployment benefit.
ZM (SHORT): More downside to fill the gap firstWill be expecting the price for ZM to go down lower for now.
It could be a retrace to the upside
before going lower and possibly fill the gap first.
ZM Bear Flagging Or Ranging?Orange lines indicate support and resistance as defined by accumulation and distribution zones. A break of the bottom orange line will indicate bear flagging.
ZM - Elliottwave analysis - double zigzag downZM - It is in Y wave down and probably will be double zigzag down. The last drop was wave A of w of Y down as the part of wxy cycle. So stay bearish on bounce of B wave near 440 level with stop level above 486. There is always a chance of X wave extension. So take small risk until it proves the down cycle as Y wave.
Give thumbs up if you really like the trade idea.
Daily Candlestick PredictionHere is my famous daily candlestick prediction segment for ZM. I will continue posting daily candles until I sell my position or my predictions are wrong more than 50% of the time. Candles are my speciality so if you are watching zoom, make sure to follow!
ZOOM [ZM] After Earning BounceZoom missed its earnings target, which caused the recent drop in share price. The drop didn't go all the way, it stopped right on the ascending trend line.
In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in price.
Consider Resistance 1 and Resistance 2 as the main targets, but feel free to determine your own targets.
