One of the most overpriced comapnies in the whole markets - NASDAQ:ZM may finally be starting its breakdown. Despite Nasdaq strength today, company is showing very poor relative strength and deliberate breakdown of major support line. Could be good short opportunity.
Hello everyone, if you like the idea, do not forget to support with a like and follow. on DAILY: ZOOM is sitting around strong trendline in brown so we will be looking for trend-following buy setups on lower timeframes. on H4: ZOOM is forming a trendline in red but it is not valid yet, so we will be waiting for the third swing to complete around it consider it...
Zoom Video Communications The video communications specialist Zoom Video Communications (NASDAQ:ZM) didn't pay a dividend and didn't repurchase any shares during 2020. But shareholders made billions by just holding the stock throughout the year. The stock price increased by 501% during that time frame, which corresponds to an increase in the market cap of $98.2...
$ zm, I believe, the Zoom share still carries surprises, as it has achieved widespread with the Corona pandemic, this does not mean that it is linked with the pandemic only - rather, it is strange that it still attracts huge numbers of users despite the emergence of the vaccine
Here is my take on Zoom for the upcoming weeks. On Nov 10th and Dec 14th it clearly formed a double bottom, the RSI bounced off of that and drawing a Pitchfork on the bottom of Nov 10th (A), And the Top of Nov 30th (B) and the bottom of Dec 14th (C) can clearly show us a new trend, on Dec 21th in the open it clearly got rejected off the first resistance that the...
Bull Flag Target $432.5 Break Below Bull Flag Target $380
My point of view of ZOOM, looking at different trend lines, resistance and support, and the rsi. Also if you think about the fact that the vaccine is only for emergency use for now, makes sense that ZM and other 'work from home' stocks should not dump next week, also we can see numerous lockdowns, for example in Germany, and the US. Im overall bullish, even tho...
ZOOM 100% Rally Incoming SOON
H&S Pattern Break below $380 - First Target $315
ZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar...
Stochastics on Weekly and Monthly look bottomed out, as well as touching the moving average 90 base line on the daily chart, indicating a continuation of the bull trend. Limit order $380 and hold for profits of 30%, then sell a portion and buy back lower.
ZM has been holding around 400-410 since the drop after last week’s earnings report. I see that as a correction bringing ZM back to the channel from Feb to Sept. Looking at the 30 minute chart since December 1 shows steady buying around the 400-410 range, pointing to steady accumulation. My prediction is without any shocking good/bad vaccine news or other...
In shortterm there is more downward possible... blueboxes are buying zones. We will see...