Falling Wedge $ZMFalling Wedge bullish pattern on ZM, target is roughly at $330.03, after that it could potentially see $335-337.
1ZM trade ideas
ZM - benefiting from lock downsSTOCK IS CLOSE TO BREAKING DOWNTREND. NEEDS TO GO ABOVE THE WHITE LINE. HAS SUPPORT AT LOWER WHITE LINE. IF IT BREAK $330 WE SHOULD SEE $350 PLUS SOON.
MACD ALSO CURING UP
$ZM 2HR Zoom has gone everywhere and nowhere for months. Stock is heavily swayed by news of vaccines, new virus strains and the owner moving 40% of his stake. Finally a setup has a arrived with this beautiful daily falling wedge. Previous day closed as a shooting star, showing retracement is possible. Longs can be taken into demand or above previous weeks high. Since there is no bottom yet the safest play can be above previous weeks high. Falling Wedges are dangerous because they can keep falling. This is just a idea, or possible outcome.
ZM getting tighter and tighter$ZM with a perfect tap & reject of mini trend.
- Tight consol in pattern within pattern
- Call it a H n S w/ neckline if you want
- Closed above the 8 ema
- Challenging the 20 SMA
- 5 SMA to cross 10 SMA
- Plenty of room to upper band
Top watch and will trade all month
ZM is accumulating in the falling wedgeZM is accumulating from level of FIB at 0.786, if ZM is holding strong within the channel then everything will start to return from here, and break out the channel to go back to her uptrend as she has been.
ZOOM Short to 230I wish I had posted this play sooner but I have been scalping ZM puts ever since it reject the .618 fib resistance multiple times...
Just by looking at the chart, it seems as though ZM is respecting the fib lines almost to a tee, as you may already know, I only play the .618 and the .382 fibs since those are the most important retracements. ZM has triple tested the .236 fib which is looking fairly weak especially after todays selling volume. I will be adding onto my current position if we get a confirmed break of 315 support. Stop loss will be 325.
This can certainly be a 100%+ play if you consider grabbing some puts a couple weeks out, the market has been dumping the whole week and it doesn't seem like its gonna stop anytime soon.
My positions: 4/16 275p, 5/21 240p
PT1: 292.77
PT2: 273.49
PT3: 232.11
ZM long 370+Here I listed 1d supply and demands, look how perfectly it bounced right off demand! (green zone) (...pretty much means support)
Im waiting for a clean break of 340 here to swing up to 355 then once it clears the first daily supply we are full throttle to 370 baby!
PT1: 355.82
PT2: 373.66
PT3: 382.39 +
Downtrend pop outWk and Daily have huge divergence forming. Money flow increasing- Rsi divergence
ZM just locked in an exclusive deal with Formula One plus others expected to embed Zm into their apps.
Jumped into 325 calls on Friday-High target 430
Bearish Triangle and Death Cross in Zoom VideoAs Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart.
First, the recent price action has resulted in a descending triangle, with support around $309. This is a classic continuation pattern, pointing to potentially more downside in coming weeks.
Second, the 50-day simple moving average (SMA) is about to cross below the 200-day SMA. In other words, a “death cross.”
Third, notice how volume has been lower on the green days. Also notice the large bearish engulfing candle on March 2. That’s especially noteworthy because it followed a strong earnings report. It was the second straight quarter that good news was met with selling – another potentially bearish sign.
Finally, other important numbers remain a problem for ZM. Its price/earnings ratio is a whopping 75x and price/sales is 34x. Meanwhile, Treasury yields keep rising and coronavirus infections have fallen. In other words, ZM was a very effective way to play the pandemic. But as that moment seems to fade, it’s a very expensive stock suited to a very different market.
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ZM big close on FridayWatching ZM closely for continuation. Had a great close on Friday so hopefully it can continue into the week.
Growth is definitely not over, just beginningThe market's pricing in lower revenue for Zoom, and other Covid stocks under the (irrational) notion that people will no longer need Zoom after re-opening... however a transformational shift to online working communication, telecommuting, and online education has just taken place and will continue to be the new norm. People are very hesitant to change, period. Now that such a drastic change has occurred in society via online video collaboration and conferencing, people will naturally be hesitant to change especially businesses who benefit from reduced overhead costs and realized they can do just fine without the office real estate. Think of how much communication practice has been supplanted by Facebook and Tinder. New norms and life-changing technology will always be grim and miserable, because money (and war) is the only thing advancing in the world and not human nature and benevolence. Just go long and make money.
Short ZMZoom is hanging by a thread, facing three obsticles:
#1 - Vaccine roll-out is accelerating meaning the days of exclusivity of meetings done virtual are numbered
#2 - People are sick and tired of virtual calls and want in person interaction
#3 - Money printing, initially means higher asset prices, but the delayed impact means interest rate pressure which weights on interest rate sensitive sectors (i.e. technology).
Target $200
ZM Will be available under $300ZM clearly changed how we communicate during COVID. Just the way people mentions GOOGL for searching Zoom has become synonymous for video conferencing in professional. It clearly had its run way ahead of its time pulling forward much of that growth in its stock price. This would be the time to stop the sprint and take a pause for consolidation. So far major gaps have been filled. Now $300 would be a major touchdown target and enter consolidation phase to 290-275 range. Bottom picking can be done when 250 floor has been tested and the growth in earnings continues.
ZOOM future LONGZoom showing us very nice potential for going higher. We are just comming to my HTF demand zone, wait for BFI (banks, funds, institutions) to get into market.
Get in with them.
ZM looks like it could runLooks interesting enough to set some alerts on it. Hopefully that inverse H & S can hit and we can get a good pop.
Parabolic ArcParabolic arcs are long term patterns.
When they correct, they fall 50 to 62% as an average, but 79% or more is very possible. They are often volatile for a while when they find the landing pad.
Parabolic arcs are caused by irrational exuberance.
No recommendation.
ZMLOND-TERM: Bullish gartley harmonic pattern with a double bottom at the PCZ and bullish convergence on the MACD. (not financial advice)
$ZMIf the price comes down to the (POI) then i think that would be a fair price to buy in and ride it to 1st TP. If it breaks below the (POI) then i would reverse the trade and look for the right oppourtunity to short. Simple as that.
Trade Safe.
