ZM - Nice Setup Leading into EarningsZM - Earnings on 11/30 and presents a nice C&H setup here. Neckline 283.45 for breakout and if the low of $269.21 can hold, ZM is setting up for a move towards $306 and eventually $329 for a 5 wave sequence.
4ZM trade ideas
QuickTrade#ZM is trying to exit its downtrend.
The daily EMA is still working as resistance, but there is a great 1-2 on the go.
Stop at 270, 267
ZoomGot rejected off a split channel early on last week .. Looks like a bear pennant is forming here now with pennant support at 260. there's also EMA100 support on the weekly at 263.
I wouldn't go long here unless it can break through that split channel, a break above that area and I'd be targeting 340 gap close.
Short entry below 260 and I'd target the 253 low; if that support doesn't hold we could be headed to wedge bottom around 200$
ZOOM SHORT from 272 Target 240ishZOOM SHORT from 272 Target 240ish.
Prices rejected by the 50 EMA, and is breaking down from
a weak several day up move.
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QuickTrade$ZM could be an interesting trade
Stop at the cross of the white EMA (hourly 21) with the blue EMA (hourly 50)
ZOOM AnalysisAfter the pandemic hit, video streaming services like ZOOM were able to solve a huge problem for businesses and retail customers alike - thus netting an ~+780% price gain.
Unfortunately due to increasing competition and having to share market cap along with vaccines and other health protocols coming into play, people began coming back into the public and no longer needed Zoom *as much*
Since then price has been on a year long downtrend falling almost 60%.
In the video I go over my technical view of ZOOM and likely outcomes I see.
I believe that ZOOM can make a comeback due to people now realizing everything doesnt need to be in person. Life as we know it is slowly shifting to being managed online in the metaverse and a product like zoom helps that. I can definitely see it keeping its popularity in the business sector as more and more people will start to work remotely.
Leave a like and let me hear your thoughts.
ZM, potential upside. Price Target $290ZM, primed for a reversal to the upside. MACD looking to cross over, Stochastic is oversold and RSI is reversing. Price Target= $292
Zoom to 333 - unfilled gap from August earnings reportZoom presented a convincing risk/reward scenario
1. Earnings Gap from August still unfilled
2. Completed ABC correction
3. 1:2.7 r/r
- Earnings end of November. Currently long with SL @ 260
Reverse Swing Trade for Small Profits#ZM seems to have touched its support zone between 250-60 level and seems to be reversing from here as seen on Hourly charts while Daily charts are still showing downtrend. This is a reverse swing trade to take advantage of small up swing for smaller profits and to test waters if Bulls are ready to take this stock higher or not.
Buy #ZM between 270-75 with SL 260 for targets 300-325-350 in next few days where it may get its resistance and that will be a good level to short this stock once again with good risk/reward.
For educational purpose only. All disclaimers apply.
$ZM - potential 8% upmove from the current zoneZM potential breakout of the neckline from inverted H&S pattern.
Getting Rekt At Home.Been a very nice 5 wave move up and a long correction so far, This looks to be quite the buying opportunity as a guess considering where we are sitting, Working from home is a structural shift and a lot more people will not be going back to offices.
Zoom Company, nice deep to buyas you can see after a good correction it seems to be nice enrty as per this figure.
$ZM Zoom Video Price Targets if 21ema Breaks
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ZM short potential, but not a good RR ratioZM has shorting potential, however, the risk reward ration is abysmal so we will stay out of this potential trade.
$ZM short position Idea!-Swing Still active on we are moving slowly but surely the over all ideal is to reach $230 of you have not entered in this Swing you still have an opportunity
- New support formed at $250 once we break that point it is safe for an entry
HUGE BULLISH DIVERGENCE ON ZOOM!As you can see Tech has started to rally. Zoom seems to be the only one lagging but you can see a lot of accumulation going into a major demand zone From last years huge spike.
4HR Time fram shows Bulllish divergence into major demand Zone.
Patience Pays and I am 100% expecting a huge run from zoom going into the end of the month. Option IV is dirt cheap, this will be the next big play. I trade the naked chart just using supply and demand zones.
2 years if experience in the market. I believe tops and bottom are shown by divergences. Not Rand candles and Elliot/Fibs counts
Zoom (ZM) - Currently At Interesting Long EntryI am expecting a bounce from this range (possibly short term). Just sharing my trading plan, not meant as advice.
