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ZOOM

$ZM coming to a ZOOMING halt NASDAQ:ZM Zoom is finally breaking down from its parabolic COVID run up and it may be time to look for puts/shorts in this name. After topping out around $275, PA ranged between there and $240 (which it touched 3 times) which also happened to be a major horizontal S/R line of mine. To further backup this beautiful bearish setup I am painting for your glorious indulgent, we may have already seen a textbook S/R flip of the magical $240 line and our next leg down may come sooner rather than later. Ultimately my first target is the $213 area where I will look to close 50% of my short. From there, I want to see a strong bounce before I think about closing out the other 50%. If we don't hold the $206-$213 area and move up quickly, things could start to get ugly for Zoomers and $165 could be in the cards (dream buy). Wild card here that could throw a wrench in the trade is earnings on 9/3, which I expect to be half-way decent considering the new influx in business/popularity the last 6 months. Good Luck. - PennyBags
NASDAQ:ZMShort
by PennyBagsCapital
$ZM Pushing For New Highs | Options PlayTechnical Analysis of $BA plus this week's option play. Zoom says added over 100 features as part of 90-day security plan What we are looking for: Breakout & hold from $262; These last few waves have been consistantly $20 per leg, looking for $279 next. Retest of $254 providing a great entry, then breakout of $262 The Play: $280 Call 7/17 @ $410 per contract - I plan to grab one to get my foot in the door, will grab more if we come down and respect support This is not financial advice nor am I a financial advisor DotcomJack
NASDAQ:ZM
by DotcomJack
Not the time to SHORT ZM yetZM is still very much on the bullish side of the trend line and the next few days will decide if it makes or break. Watch the 244.03 mark. If it fails to break above that mark in the next few days, it's a long way down for this boy. Either way, I WILL NOT RECOMMEND to LONG ZM at this point as the risk/reward ratio not great and the p/e ratio of >1300 is just plain insanity. I will continue looking for a good Short entry. Good luck everyone Lines Legend 1. Horizontal lines: Used to mark out major resistances and support based on points with larger trading volume (buy & sell), as well as any gap(s). 2. Diagonal lines: These are trend lines to mark out the price points that would if the stock is still bullish or bearish Technical indicators used 1. VWAP 2. EMA 3. RSI
NASDAQ:ZM
by aozh