Gem-Hunter

Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?

NASDAQ:ZM   Zoom Video Communications, Inc.
Last time when I predicted $868, I considered Wave 2 as Wave 1 due to its impulsive action. When I recounted, I realized that I counted wrongly.

You can see the sub wave count clearly for Wave 3 & Wave 5 (Maximize the chart) in the chart.

Also, ZM bounced huge at 0.382 & 0.618 Fib levels and parabolic curve topped at $529.74. 1 Week RSI & Stochastic RSI Oversold.

However, due to low selling pressure, low liquidity & higher manipulation we have to watch whether the Cup & Handle plays out or not.

Next week we'll get the confirmation.

Good Luck.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.