Updating our ZM projection after the big run - there are 2 possible scenarios, a continuation (upward) and a reversal down after distribution - both explained on the chart. issue is, we still don't have much information to confirm either one or the other - so will need to update later - maybe in a week or 2 after the move reveals itself now ZM had had a big run...
$ZM Zoom (fad stock) Overbought - beginning to reverse once again for a lower high than mid-March. See chart for near and medium term targets. I don't see how this company has any sort of a moat or long term competitive advantage. The functionalities of its service are fairly simple and easy to compete with by larger players like Cisco, Google, Facebook, etc....
Hey everyone, here's the analysis on Zoom. If you find this insightful, please follow and like our idea, also leave a comment on ideas you would like to see next! Summary: Current price is within our resistance zone and it could drop lower to our S1 zone between 123.60 - 128.50. If price breaks below the S1 zone, it could drop further to our S2 & S3 zone. ...
ZM shares are back flirting with new highs after a pullback to check the 50-day MA, where it logged a conspicuous RSI bullish divergence on the higher-low in price with the lower-low in RSI print. In other words, the weak hands were well and truly shaken out.
I like Zoom Video Communications (ZM:US) here, go Long at $110, 1st profit target (short term) at $125-$130, then $160. Pro Reasons: Work From Home (WFH) requires Video Conferencing (VC), with companies in forced lockdown, numbers are spiking exponentially! VC App with biggest Market Share, most downloaded App in the space, week 26Mar-1Apr 3.2m downloads in US...
#ZoomVide just hit the mid of its way on 2 hourly chart. $143.40 is the next target.
Short $ZM and long $TLRY seems to be the way to go. Let's see how it goes. ###This is not an investment advice, trade with care with your own risk!###
ZM - Short above 134.70 (or earlier at your discretion)or a break below 107.87. Stop signal 141.33 or 120.61 depending on entry. Target 80.13. Could consider August $130 Puts. Quite large insider selling on the so called crash proof stock!!
ZOOM (ZM) has had a huge run up in 2020 after the Coronavirus began to force workers across the world to work from home (virtual work if possible). I have heard from many individuals that they enjoy using the platform, but: 1. News is coming out about privacy concerns. 2. NYC Education Department (estimated 1M students) has banned its use. 3. FBI...
ZM is now facing increasing pressure from a field of competition that got a huge boost as some institutional users shut down their use due to evidence of hacking threats. But the stock found support Monday morning at the 50-day simple moving average in confluence with prior range levels. $130 looms as "inside" resistance on the bounce.
From a technical perspective, shares of Zoom are approaching the buy zone just above the $100 handle.
ZOOM experiencing a good time during current crisis as it provides online conferencing software. With cities on lockdown, the number of clients surged, causing the recent surge in share prices. A buy option is considered if the key area is broken and closed above. Now a technical break of the trend line and 50% fib level is a short signal to target $100
ZM is swinging within a wide trading range as the Coronavirus outbreak intensifies. The trend is very much still in place as a leading virtualization solution during the lockdown phase. A deeper pullback could be advantageous as an opportunity at the convergence of support around $120.
ZM is swinging in the triangle needs some time to break out.
ZM has been gaining a lot of attention lately due to COVID-19 and the rising demand for online conferencing programs. ZM had recently broke out but has been relaxing for the last 3 days after reaching a high of 164. The last 2 days, ZM formed inside candlesticks on the daily chart indicating that a breakout may be imminent. Following yesterday's post on ZM,...
After a bull run which we anticipated, it's now building a wedge. At this point, we may short it with target at (c), or monitor to enter long at (e).
I expect zoom keeping bullish as all signals show us an ascending channel with a really good improvement.
2 inside day candlesticks are forming in ZM as a coiled spring is forming on the lower timeframes. ZM has not participated in the recent market bounce and seems to be acting inversely to the action. Watch ZM to start breaking out today or tomorrow above 147. Long @ 147 Stop Loss @ Below today's low. Target @ 180