Hello traders and investors! Today we will talk about single stock ZOOM, in which we see pretty nice and clean pattern. As you can see, ZOOM made quite big decline since October 2020 till May 2021, lost more than 50%, but it looks like a three-wave a-b-c correction within a higher degree wave 4, especially if we consider recent strong and impulsive bounce from...
Zoom looking about to bounce ** NOT TRADING ADVICE **
Zoom is Trading in a symmetrical triangle currently. It just bounced at a support level and is likely on its way back up to resistance. Watch out for earnings later this month as this could cause a false breakout in either direction. Short term long swing trade currently...
Zoom is trying broke to falling trend. I think position is long but firstly, we should see approve this broken for enter to position. Approve is that will be broken red line and 12-18 hours stay above the line. Otherwise, falling trend will be continue. So, if you did into long position without seeing approve. You may will lose. 👀🚀
After strong Q1 and Q2 earnings. With fears of delta covid variant. It seems that Zoom stock is about start a bull cycle. Beside the strong fundamentals and supportive circumstances. This convintion is also build upon chart technicals where the price has broke through a falling channel, and now testing the upper trend + 50 day moving average. As shown the candle...
NASDAQ:ZM Big news alert over the weekend where Zoom agrees to buy Five9 in an all stock deal valuing the company at 14.7b Here is a chart to reference as market opens. We may see a big reaction either way. It's very difficult to predict how this market interprets news these days. It's best to just be prepared.
Here is what we are watching for this next week! NYSE:DASH Dash we are seeing a nice bounce at the .382 FIB level. We'll be looking to take a position on a move over $170 or under $164 NASDAQ:EA Nice long term set up here with an ascending triangle, we're sitting right near long term trend support and are looking to take a move over $144 if the market is...
Look for a fast move up outside the BBands for LONG And scale out as the price crosses back into the inside if the bands.
-With Zoom's stock spiking recently, it's clear that investors are once again positive about the company's future. And with some areas around the world still at the beginning stages of a COVID-19 vaccine rollout, it's possible that demand for Zoom's video services could continue for quite some time. -For example, Sydney, Australia entered a temporary lockdown...
Potential reversal setup forming in LAZR. We have a small bull flag within a larger bear flag, so I still feel that it will break to the downside, unless we keep getting heavy inflows into tech. Volume looks really good, with lower volume on red days and higher volume on green days. 20 day avg. volume is also increasing. With a bounce on the lower orange...
Zoom has a huge falling wedge pattern here and could finally be on the bring of breaking out! Keep an eye on it. I will be looking to enter some $380 or $400 Call swings when the pattern looks to be breaking out. Conversely if we break down puts would be a great play under $325. *typo white arrow is pointing to a LVN (white box), price action tends to move...
Next upside target is 383. Once it close above it, can zoom all the way to 438! Must hold 358 or at last 347 support levels. Close below 345, more downside.
PYPL is looking good. Today it bounced off of support despite gapping down. It was brought to my attention after seeing many large call option blocks come in ahead of earnings. If we get a bounce tomorrow, there may be a lot of money in store. It's near the bottom of its range of the flag, so now is a great entry point. In the most bullish case, I could see it...
Oil plays are set up right now. Beautiful cup and handles. Bounces off the trendline and just launched off the 20 SMA. Lot's of resistance ahead, watch for a volume spike to get through. Give it some time. (3 months). Oil go Xoom.
We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout. Generally speaking, it is not a good idea to trade a direct breakout of these...