Slack (WORK) has failed to break out from its downward trend that started in June. Despite my strong bullish long term view on Slack the outlook for the next few weeks remains not very positiv - support levels at 28.60 / 27.30 / 23.60 could be seen as entry points to accumulate.
Based on Technical Analysis the idea is to go long, but just wait the end of the price retracement that could be found using Fibonacci retracement tool.
Zoom now has a market cap of $165 billion. It's 750% YTD and trades at a price-to-sales ratio of 126. Wow! I don't remember the last time I saw a stock rip like this with that kind of valuation and market cap. It is truly impressive, but also possibly slightly overextended. I have no position, but am watching closely. Zoom has become THE barometer for economic...
+20% profit on zoom move , as you see guys it gap up today and MOVED higher against the market .If you enter a solid trade don't worry about the rest . if you want learn more and have access to my super charts , PM me . Use the private message you are welcomed . Stonks only goes up :) . DON"T RE ENTER , THE TRADE IS DEAD (the move is done ) !!! .
My buy zone and target for $ZM (Not financial advice)
I WOULD WAIT FOR 500 TO GO LONG. TRADE IDEA: 520C 10/16 BID/ASK: 8.70/8.90 Zoomtopia is on Oct 14-15 this week.
ZM has broken out of its wedge and is planning a move upward. It has already retested the broken wedge.
I WOULD GO LONG OVER 489, OR YOU CAN WAIT FOR THE 500 BREAK. TRADE IDEA: 502.5C BID/ASK .50/.55 (LOTTO)
High tight flag - Holding level - Volume reducing = Supply dry up - Time consolidation(Short term EMA's coming up) Buy : 480 SL: 455 RISKY
it was suggested that the second Presidential Debate happen over zoom video.
$ZM is one of the leaders in our market and when its MACD and Stochastic looking to cross up, it could potentially breakout to the upside Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
Look at ZM. Look at BYND. Tell me this isn't possible.
All indicators dont give ZM much room to breath, and with other companies innovating their own video platforms I think ZM will break this support and fall to a much more agreeable level