Decent risk reward setupI am definitely not trying to Zoom post the COVID vaccine but what I am trying to do or how I feel means nothing to the market.
1ZM trade ideas
$zm - falling wedge, bullish divergencefaked out on the breakout from friday. this week should bring bigger moves with this bullish divergence + falling wedge.
$ZM Constructive Bottoming ActionZoom is finding support at 200 MA and its earning gap from back in august. The bounce the from the 200 MA the last 3 days showing decent volume coming in pointing to institutions stepping back in after 40%+ decline from ATHs. I think stock needs another couple of weeks of back and forth price action to build a solid bottom. For one, the 50 MA still slopping downwards and acting as resistance. On my watchlist to keep an eye on how things develops.
ZM Zoom Inc Elliott Wave and flag pattern buy opportunityBuy at 325 with SL at 345 and target of 825. you can scale down at the black lines of higher targets.
$ZM #ZM need more time to zoom zoom zoom?Do I like the product? Yes!!!
Do I like the man behind the wheel? Yess!!!
Do I like ZM? It's not necessary.
Do I like the profit? Yes!!!
Do I need to wait? It's still the key...
I had one position @ $363 (this morning)
ZM $800 by OctIm very bullish on zm. looking at the weekly i think it is set to complete the abcd pattern putting it at roughly $850 around October. It also just broke out on the daily. Will it happen? i dont know.
Do you think zm is going anywhere any time soon? I dont. It has made a perfect 50%retracement from its run in Feb of 2020 to its all time high of $588. It has just filled the gapat 325 and now has the go ahead to pump again.
$ZM DOUBLE TOP 1/14Could be the rejection we where looking for. Only thing to stop it is the 50EMA crossing the 200EMA
Positive news could also play a factor. Watching this now
$ZM | Descending Channel: Watch For A Breakout [Update]ZM update: If $ZM breaks this horizontal resistance at $385 I expect it to move to $395
See my previous analysis here:
$ZM Zoom Ready For BreakThe combination of a downward wedge and strong resistance and support levels indicates Zoom will break through the top resistance and take off. Price target: $431.08
ZOOOOM recovery before earnings callAs i suspect the 1.5BUSD deal to go through, i suspect rappid price increase before the earnigs
No target price comes to my mind.
Disclosure: have some long position in ZM
ZM breakout potential is real strongToday we saw ZM pick itself up from a low of 318 to break out of the channel and above 350, a key level for the ticker. It is now testing the resistance level of 354.5 for a continuation play into the 360-365 zone. Above that zone we should see a test of the 370s to attempt a breakout of the entire trend, good luck!
Update on ZM broke out just as we expectedAll I have to say is congrats if you played this. Next leg up above 385, good luck
Zoom is now a BUYI Posted 3 weeks ago why I was Zoom short,
Now I;m flipped buillish
Descending Wedge reversal is here.
Target probably back above 450 somewhere we shall see.
ZM ready to ripLast night zm sold shares 10% below market current market price with Ark investment taking large position. This name can explode over the trend line.
Zoom Future Remains UnchangedDespite the recent upside, I still think as COVID-19 gets controlled, the demand for Zoom will drastically drop and that seems to be reflected on the stocks as well. Still shorting, and waiting to add even more.
