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...
The combination of a downward wedge and strong resistance and support levels indicates Zoom will break through the top resistance and take off. Price target: $431.08
This is going to be a very interesting day for equity markets. I just tied out one particular set of wave counts across all four major indices (ending diagonals/upward corrections for all), which means that we could see extremely violent selling in all corners of most markets.
Or, we will not.
Doesn't matter all that much because Zoom is tipping over the edge...
Zoom has two bearish topping patterns: a head head shoulders formation and a descending triangle. The stock is within a longer term uptrend so these do not guarantee the stock will continue trending lower, but it's reasonable set up to bet on especially for those who have enjoyed the meteoric rise in technology/cloud stocks year to date.
I'd start this with a...
Congratulations to people who bought ZOOM share from EngineeringRobo's buy signals, enjoy your 386.64% PROFIT that you made in 9 months!
As of now, there are 3 different SELL signals (sell 4 is behind sell 2) and EngineeringRobo is bearish.
If you want to buy ZOOM share, you can buy at EngineeringRobo's BUY signals or you can buy at my support level...
Could be the rejection we where looking for. Only thing to stop it is the 50EMA crossing the 200EMA
Positive news could also play a factor. Watching this now
As i suspect the 1.5BUSD deal to go through, i suspect rappid price increase before the earnigs
No target price comes to my mind.
Disclosure: have some long position in ZM
