ZM Stock forming a bear flag and could drop to $372 which is a support and may drag more downside based on tmrw's FED announcement.
Currently in sub wave C of Sub Wave 1 (Wave A correction). I hope it'll form descending triangle, where the high it $465 and marked other targets and resistance. It'll do double top $465 and fall in middle of next week.
After gapping up by a huge $120 dollars on August 31, ZM has come down to Earth. It finally found resistance at the horizontal support line (in the 344 range.) It has entered back into its ascending channel, and since the two parallel trendlines are very close together, expect predictable price movements. The RSI has just bounced at its horizontal support line as...
Zoom calls printed today! This looks like a breakout forming, looking for a jump in premarket with a PT of that 400 first, above that could see a gap fill between 409-423
ZM NEEDS TO HOLD 346. UNDER 346 CAN FILL THE GAP DOWN TO 325. TRADE IDEA: ZM OVER 346 365C 9/11 BID/ASK 5.50/6.30
ZM is in Sub Wave 2 of Wave A correction again breakdown into Wave ABC. Targets are pointed out in the chart. I'll update the chart based on price action on Monday if this idea defers. Good Luck.
ZM is in Sub Wave 2 of Wave A correction again breakdown into Wave ABC . Targets are pointed out in the chart. Wave A - $410 to Wave B - $386 to Wave C - $461 (Extended) I'll update the chart based on price action on Monday if this idea defers. Good Luck.
The Idea is to go long as per major trend, just wait the end of the price retracement NASDAQ:ZM
$ZM peaked with $477.8 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside. In Wave A, total 5 waves will be there and today done with Wave 1 from $477.8 to $346. Now, it'll resume Wave 2 to $461. And in case market goes red on next week due to bad news then cannot rule out that Wave 1 can extend to $300. Good luck.
Zoom will be completing Elliot Wave 5 by tomorrow bt $416-$420 and starts the ABC correction.
ZM completed Elliot Wave 1-5 and now in Wave A Correction which has 5 waves to downside before Wave B upward pullback.
Currently in Wave A Correction consists of 5 waves targeting <$300 at end of Wave A. Regarding pattern descending triangle or Head & Shoulder pattern is possible but yet to be confirmed.
Zoom will be completing Elliot Wave 5 by tomorrow bt $416-$420 and starts the ABC correction.
Seems like there is still room to hit $375 as it's in cup & handle pattern where after earnings hit $320 then pulback to $300-$285 and finally hit $375
Zoom has broken out of a Flag, signalling the next leg in its bullish move. This one's a keeper!
$ZM is in Cup & Handle pattern which will hit $320 as final target after earnings and will pullback to 280-300 in couple of weeks. Make sure to sell at top $320 and buy puts.
Last week Nasdaq rejected breakdown out of rising wedge and went vertical breaking massive 11800 resistance. This type of short squeeze is the exact type of action that most should be terrified to play against until confirmation of reversal arrives. Simple setup to capitalize on this strength, target : 12.4k. Stop/short entry : 11.96k. Critical resistance of 12020...