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ZOOM

ZM back on track?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 exogenous shocks, ZM will continue on an uptrend. I think institutional investors see value in Zoom’s customer base (small-medium businesses). Just as Amazon was once just a bookseller, Zoom can become more than just videoconferencing. Happy to hear everyone’s thoughts.
NASDAQ:ZMLong
by keyvanabedi
2
ZOOM [ZM] After Earning BounceZoom missed its earnings target, which caused the recent drop in share price. The drop didn't go all the way, it stopped right on the ascending trend line. In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in price. Consider Resistance 1 and Resistance 2 as the main targets, but feel free to determine your own targets.
NASDAQ:ZMLong
by FieryTrading
1
Zoom Video Communications, Inc.Since Slack ($WORK) hasn't been doing as well as Zoom in the WFH space, I felt the need to look more into this stock. Do you all see the H&S pattern like I do? My drawing to outline it's direction isn't the best, but the market doesn't always give you the perfect pattern. I would look for a drop in price. However, we might see a move higher up before a big tumble takes place. I would simply wait for a B.A.R. of the neckline & diagonal support to go low OR a B.A.R. of the high in order to execute any bull orders. We shall see...
NASDAQ:ZM
by ChrisJTradesFX
ZM : Zoom in correctionHype around Zoom is being replaced by hype around Moderna. P/E for Zoom declines from 600 to 450 as earnings grow. Forward P/E is currently estimated at 150 projecting further earnings growth. That's a lot! Forward PEs for Salesforce and Netflix are 65 and 56 respectively. If Zoom earnings grow 2x than projected and stock price declines by 33% then PE comes to 50 (years of earnings to justify the stock price). At least comparable to other hot techs. And what the chart tells us about possible end of correction in Zoom? Nearest level is probably 310-325 and more distant one is 260-265.
NASDAQ:ZM
by ProTrading24ru
ZOOM Earnings Hypen a little more than a week ZOOM has their new earnings call for Q3 2020. Investors are taking notice and have started to buy up shares aggressively. Trading earnings is a difficult and risky business, my advice would be to ride the wave and exit before the earnings take place. Much less stressful and risky. Consider Resistance 1 as the main resistance in the coming week. If the price action remains exceptionally bullish, Resistance 2 could be reached, but I doubt that. Resistance 2 would be the new target if the earnings are very positive. It's unlikely that Resistance 2 would be reached before earnings.
NASDAQ:ZMLong
by FieryTrading
1
ZM Earnings AnticipationZM is gearing up for a good move ahead of their earnings report November 30. Currently flagging, it is looking to clear a 419 resistance + breakout before pushing up to its next resistance around 446 to 451. If it can clear this level, it may attempt to fill the gap (modestly at the next resistance 477.50, or aggressively at 482.50). Ahead of their earnings, and with further shutdowns due to the virus looming, this could potentially be a large move for ZM. It has shown us in the past that it can perform well, both earnings-wise and market-wise. Keep an eye out for any new vaccine updates as this may negatively affect ZM's movement if the news is good, or vice-versa.
NASDAQ:ZM
by nmatto