High PE on this one. Down trend !! Below all averages. Time to short this until it hits 30.
Monthly RSI @40 Weekly RSI is oversold(21) Weely Support @ $130-140 if this said support is held, it might see a bounce to 200 levels initially.
Unfortunately, COVID darling ZM ZOOM looks to be headed to the 107 area and possible 100 over the next few weeks. A relief bounce could temporarily get it to the $170 range, but ultimately will fail. I'm a buyer for swing shorts on any green day.
Just expect to happen something like this!!! we are in complex wave 4, and here is the chance to start wave 5. Also We may encounter a triangle pattern!!!
Support at $105. Support will hold because RSI is oversold & Zig Zag ABC correction is coming to an end. Easy outlook! Have hedges up to $100 in case of a wick. Good Luck!
Zoom is a great company to hold on to , But you cant judge based on shorter timeframes. You need to start Dollar Cost Averaging in this Range for the next 18-24 months. This is where the consolidation happens. I have 200 shares and ready to buy 400 more for the next 2 years, I am long in 5 years time horizon, but in the near term 180-190s is in the cards, Hence Short.
ZM Price - 184.26 Support - 177.25 Resistance - 184.80 Consider*** Calls Above - 197.17 Puts Below -175.25
Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone...
Possible opportunity to buy the dip with a small stop loss, this be the third time we have tested and held support at 180. Looking to bounce from here to continue move upwards to 290.00
zm has a lot of gaps to fill. it is in an overall downtrend which i traded against today and inevitably got caught in a bad move. looking for this stock to bounce on the trendline or a trend reversal to start filling those gaps. gap levels -first gap is near the 237 area -second gap is above 275.50 - 281. i know there are a lot of s/r levels but i like to...
When taking a look at zoom on the weekly TF, we can see that it is currently trading at the bottom of a descending channel. When you look at how price reacts in this area, there's usually a bullish move to try to make a higher high. This is looking like a great entry for a long. Keep in mind, the overall trend is still bearish but there are opportunities to secure...
If you haven`t bought ZOOM at the 52 week low: Then you can see on lower timeframes that it has formed a Bullish Pennant with a price target to the next resistance of 239usd. You can see a gap between 227 and 239usd, so it will be easy if it passes the 227 resistance. Looking forward to read your opinion about it.
A bump and run can be observed from the ascending channel being formed Bump when the price moves above the channel Run when price declines back towards the channel This is known as a "Bump and Run" Price can also seen to be sitting at the .5 fib level from its ATH Good buy entry for long term
Zoom Video Communications, Inc. (ZM) 52 Week Range: 195.80 - 486.83 Now the price is 206usd. Bank of America has a price target of $270.00 for ZM My safe price target is the 241usd resistance, as you can see in the chart. Looking forward to read your opinion about it.
The $240-$280 support zone could not stop Zoom's falling, in the following days Zoom should find support near the $200 region, if not I expect more downside. Not financial adive, just my opinion. Downside: first target near $180. Upside: after reversal first target $240. Take care, stay green.
All, ZM short potiental. But ER wasn't actually all that bad. I'd look for a bounce near white area possibly little lower. Easy bounce don't stay long just for the retrace/retetest.