1ZM trade ideas
Dropping Below $400 FridayI see ZM dropping below $400 a share this Friday 12/4. Earlier I predicted it falling to a support level of $366 but with the market being pumped up for no apparent reason, I see ZM rising next week. At a personal level my trading strategy for ZM is to buy low Friday and sell high next week. With options that is. I can see ZM hitting and passing $430 next week which is why I will be buying 1 call for ZM to hit $425 by 12/11.
Hoping to buy in around 8.00 a contract.
Wish me luck!
Comment your thoughts!
Is Zoom Consolidating Before Moving Higher?Is Zoom consolidating while investors are waiting to see what happens with the COVID-19 vaccine distribution? If the vaccine takes longer than expected to reach citizens. If our habits have changed that we choose to work from where ever more than from the office. Then Zoom is headed higher for $450. Fibonacci time zones show December 9th as a day to watch for this possible movement. Maybe I'm way off in my thinking.
ZM/Zoom Trend Breakout?ZM has been out of its channel for quite long time, If the trend line breaks, it is a good opportunity for the price rise to the lower channel line.
Be aware that Covid-19 has a huge effect on ZM.
ZM - could it be like this?Is ZM going up? Looks like it wants to reclaim these levels, but it's been super weak lately. I'm curious to see if these gaps get filled. Very heavily thrashed stock recently so could represent good RR for an entry here.
zoom reported on monday and, it has alot of potential it's just stick inside here it is still young and it is in a weird spot but, I'd watch the support . I will exhaust this in the posts and the chat Always watch your timeframes from the daily and down during the day
ZM - Earnings Risk Management - SUCCESS!!Although my direction was wrong, my risk management succeeded.
Here I walk through what position I took, how I managed the risk and I how I see this trade playing out.
ZM
Zoom
Earnings
Naked Put
Cash Secured Put
Wheel Strategy
Covered Call
ZM rally fades - Tape weakIt tried to take back most of its losses from yesterday but the rally fizzled out in the afternoon session. Important support pivots generally hold the first retest and hence $395 held but I will look for it to break in the coming sessions for a move towards $375 area
ZM holding 23.6 Fibb Level, target 587 for wave 5I added more to my position today, but my stop is at 380, so if we do break below that, expect further downside. These are just my opinions and thoughts, please do your own due diligence and research. Copyright Rohan Karunaratne 2020
Long ZM!Fib 0.618 + double bottom
Pullback of breakout of descending channel
R&R
Good Risk/Reward Ratio.
Zoom Video Communications, Inc.Since Slack ($WORK) hasn't been doing as well as Zoom in the WFH space, I felt the need to look more into this stock.
Do you all see the H&S pattern like I do? My drawing to outline it's direction isn't the best, but the market doesn't always give you the perfect pattern. I would look for a drop in price. However, we might see a move higher up before a big tumble takes place. I would simply wait for a B.A.R. of the neckline & diagonal support to go low OR a B.A.R. of the high in order to execute any bull orders.
We shall see...
$ZM Zoom Video Post Earnings Review.
Daily chart
The daily chart highlights the significance of the $400 level.
Supports =
Rising uptrend
Rising 100ma, not tested since January
Daily horizontal support.
Losing this level brings the cliff edge at $380 into play
Weekly chart
The 20ma is now the main focus, its has not been
breached on the weekly since it became support
from the first week of January .
thsi weekly close is crucial and indeed I would hope for it
to hold tomorrow.
Previous H&S on Renko, static OBV - neutral/shortSeeing H&S on Renko chart, OBV flat, no catalytes for upstream move.. neutral / short.
Almost A BuyAfter an earnings defeat, Zoom is almost a buy again. There are many indicators that explain why I believe it still has room to fall.
I see Zoom hitting or nearing a previous low of $366. Here are the indicators that support my thesis.
MACD: Shows weakening bull strength giving the bears more opportunity to take over as the stock continues to trend down.
Divergence+: Shows no sign of bearish divergence and I believe the stock still has room to fall before retesting a new support
Bollinger Bands: Show that the stock is still at a strong buying point, but trending downward which supports the value to decrease
Kurotoga Cloud: With the candles just falling below the cloud, which shows support and resistance, we can see that a bear cycle is about to start.
Once MACD starts to trend up and bullish divergence grows, I will be buying in.
400 levelAhhhh and we are back to this 400 level for zoom. This is either going to serve as support or resistance, but either way expect volatility. The play I am looking for tomorrow is and am expecting for Zoom to open below 400, pop back up to last close of 406, and sell off.
$ZM broke down back into the boxGood earnings didn't help this stock and back in the range zone and below cloud. Need to hold 400 if not couldsee 389, 360 range
ZM Bounce Incoming at $400?A lot of people are bearish on ZM but I'm personally bullish.
Testing the bottom of the upwards channel at $400 along with the weekly 60MA at 400.
Looks good here for a bounce at least.
*Thoughts are of my own, not advice*
What’s next for ZM Just to put out what I have on $ZM after my recent prediction that proved 100% correct. I am now watching it for possible entry. Negative COVID news is starting to make way just as much as vaccine news. And today $MRNA took a big hit (down -10% give or take). And some of what the media iterated as the cause for $ZM drop in the first place was positive vaccine news.
On the TA side, I identified what I believe is the major trend and it’s currently at the major support, with what looks to be a cup and handle pattern.
Bottom line I see a a lot of space for it to fill on the upside. And what can also make a long position credible is the fact that they did crush earnings after all.
