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jakelikesstocks
Nov 2, 2020 10:12 PM

Zoom 8h Chart 11/2 Head & Shoulders May Have Bottomed 

Zoom Video Communications, Inc.NASDAQ

Description

@CptWORLD Gave some great insight on zoom so I went back to review and adjust accordingly at the the end of the day.

The bears failed today which I wasn't expecting until the last green trendline. This made me adjust my buy zone up slightly to 430-455. However, we need to see tomorrow and over the next few days how price reacts to this trend. Right now we are looking good for a bounce back up.

I've switched from short-term bearish to neutral. I'll be watching this closely as more lockdowns and stay-at-home orders are announced.

NASDAQ:ZM
Comments
CptWORLD
the credits 🙏 haha
alshammaryk
tomorrow may be brutal.
jakelikesstocks
@alshammaryk,

I agree, I am strictly on the sidelines right now with the exception of a handful of cheap UUP calls. Just following what's going on in the charts is enough for me. Hoping I can help some people out there and vice versa.
alshammaryk
@jakelikesstocks, you helped me today thanks but i dont sold my puts i am holding for tomorrow
jakelikesstocks
@alshammaryk, Awesome, . If there is any chart you'd like me to do, just list it and I'll check it out. btw good luck on those puts! Market is likely to go crazy, could do over 5% in either direction.
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