I am still in this trade from my initial post on on Dec 29. Check out the two posts below. We now have another opportunity to enter or add to an existing position. Price has run up into 382 fib resistance. If price can consolidate here and break above 412.. a push to 425/440 and 470 is possible. ZM has earnings on Mar 1st which may provide a longer term momentum catalyst. ZM is also held in two ARK funds which provides conviction for many trader/investors.
Additional Info: I am an intraday scalper and short term swing trader of stocks & Futures using options and equity. I focus on high volume momentum stocks in strong uptrends. My time frame is between 5minutes to 5 days on most trades. I scale into positions and scale out of positions as my targets are hit. I always trail my stops after T1 is hit to reduce risk and lock in gains. If my post is on a Weekly/Daily/240M chart the idea is a swing trade. If my post is on a 60M chart or lower the idea is a day trade. Day trades can turn into swing trades if the stock is strong. All trades should be supported by market direction. Treat my posts as trade ideas and not signals. Traders must trade using their own back tested trade plan and rules. Traders must plan risk first and profits second. Happy Trading!
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T1 hit. Took it at 27.50 b/c of the Dec 21 pivot high. Still hoping for 440 then 470.
@learntofish, I'm not that great with Elliot Wave but it this breaks 585 the 1.618 ext is as about 830 so definitely some potential on a beak of the ATH. 490/500 will be a big hump though.