$ZM Has Come Into Support Area - Reversal WatchLook at how the price on $ZM reacted when CCI previously broke into the green box. I would add this one on my watch list for the reversal. Especially if it trades above $342.
If this occurs, my price target is $375 then $389. I've marked some key pivot areas on the chart to watch intraday.
If price opens below $336, you can take a short trade to the support level below. However, I would not take it with RSI being so low.
ZM trade ideas
ZM needs to hold $310-$320, Once Confirmed Will Go LongZM should find support at the .786 fib, daily candle shows it still has room to the $300 mark. We should see the ZM hype come back when schools start to announce big catalyst decisions regarding the continuance of stay at home learning or mandatory in school teaching. Easy to see down trend once vaccine rollout started but logistical issues with delivery's and lower than expected vaccinated numbers makes ZM a prime long call move.
Alert $320
Long Call Entry $310-315
Slow and steady wins the race on this one.
$ZM - ZOOM VIDEO COMMUNICATIONS INC // LONG$ZM has been flagging since the second half of October; bounced nicely around .382 FIB level. Going Forward, this should act as key support. A retest of the support trend line, which has been acting key support since April, is likely.
Stop-loss and targets are given in the chart.
ZOOM (ZM)| Short-, mid-term reversal area!Hi,
It is a short-, or mid-term opportunity because we don't know exactly when the lockdowns will end (people start to go back into their offices and start using video communication services a bit less) but atm looks like we can catch some technical movement.
Slowly the vaccin starts to kick in but let's see, there can be many-many obstacles considering vaccin and even covid itself so that's why I consider that the investment on Zoom should be short-, or mid-term.
Techincally the buying area stays $260 - $320 and the criteria:
1) Weekly EMA 50
2) AB=CD equal waves from the top
3) The mid-round number 300
4) Fibonacci golden ratio
5) 50% drop from the ATH
6) Small resistance on Daily matching nicely with other criteria
Do your own fundamental research and if this matching with my technical analysis viewpoints then you are ready to go! If it doesn't match then...skip it!!
Good luck,
Vaido
ZM Moderately Bullish Short TermDisclaimer: This is just my personal opinion and I am not licensed to provide investment advice.
ZM moderately bullish. Heavy trading has occurred between $385 and $430 in the last couple of months. Price has moved to the downside below $375, however expect a bounce based on oversold RSI, Aroon and OBV indicators. Expect $375 target in the next couple of weeks and second target is $412
More Room For ZM shortHello! New trader here (About 11 months in) I believe sharing my analysis can be the best tool for me to take it to the next level. There are great traders on this platform that one can learn from and I am looking forward to that!
More on the subject, ZM broke 250 Support and heading down to close that gap. Short term I see it going for 325 before possible further downside. The next level would then be 273. Also broke a weekly trend (Green Line). Looking at RSI, still not in oversold territory and did make a new low from the previous low which can indicate continuation of downtrend.
Share your thoughts below! :)
NASDAQ:ZM NASDAQ:ZM
Zoom's Warp Drive Has MalfunctionedI bought in at the wrong time with this one.
For me I just need to take a loss for the shitty year called 2020.
So I will sell my position at a loss of $642.84 CAD -41.60%
I wish everyone ( investors traders and scalpers ) a HAPPY NEW YEAR 2021.
GOOD LUCK IN THE NEW YEAR.
* you only profit/loss when you sell.*