Hello! Friends, - This would be a great short Opportunity, IF NASDAQ:ZM breaks down the Daily Support line at $317 (with a WHOLE DAILY Candle) !!
Looks good for shorts above green line. Stoploss above white line. Targets are lines below green. This is not financial advice. This is record keeping only.
Hello fellow traders and padawans. I did a previous analysis on ZM where I suggested it formed a rounded top (links below). Zoom reacted from the rounded top neckline and rallied a few percentage points. It is struggling with the first fib retracement level for the third consecutive day, which I have anticipated on the previous analyses (seriously, check them...
The combination of a downward wedge and strong resistance and support levels indicates Zoom will break through the top resistance and take off. Price target: $431.08
As i suspect the 1.5BUSD deal to go through, i suspect rappid price increase before the earnigs No target price comes to my mind. Disclosure: have some long position in ZM
Video breakdown on $ZM going into 1/14!
If you read my previous analysis you would know ZOOM is in a very weak position here. Everything points to more downside coming. The technicals are the same as my previous analysis so you can check that one out (link below). The important thing here is that ZOOM broke below the rounded top neckline and is failing to move back up. I also added the 200SMA and the...
The FIBONACCI levels show right now the weakness of this stock. The 0.5 level has been broken right now the price is below that level first touched in September 4, if you look the price tried to trade above this level and failed. The weekly chart has the 0.618 level at the same level than the 50 SMA. We'll need to wait for a lower price and then have the target of...
The darling of the pandemic lost a lot of its momentum over the past 40 days or so (vaccines and other prophylactics are certainly major catalysts for the drop). I think ZOOM is still a good stock for the long term but it already lost about 42% from ATH and still looks very weak here. BEARISH SIGNALS 1. Price has been butting against support for several...
As you can see in my idea, $ZM is close to the end of the bearish trend. I expecting another bullish trend by breakout the downtrend line.
Let's see all the items we need to understand to develop a long setup on zoom CONTEXT: It's essential to have a context aligned with our view before developing setups. In this case, our Context is a bullish ascending trendline that converges with a support zone, creating a great area to think about a reversion of the direction STRUCTURE: Supported on the...
Look at how the price on $ZM reacted when CCI previously broke into the green box. I would add this one on my watch list for the reversal. Especially if it trades above $342. If this occurs, my price target is $375 then $389. I've marked some key pivot areas on the chart to watch intraday. If price opens below $336, you can take a short trade to the support...
Hi, It is a short-, or mid-term opportunity because we don't know exactly when the lockdowns will end (people start to go back into their offices and start using video communication services a bit less) but atm looks like we can catch some technical movement. Slowly the vaccin starts to kick in but let's see, there can be many-many obstacles considering vaccin...
NEED TO STAY STRONG AND HOLD THE SUPPORT ZONE TO REVERSE
If the first leg up extends farther than the lowest orange line then this specific strategy is void. That is all.
$ zm, I believe, the Zoom share still carries surprises, as it has achieved widespread with the Corona pandemic, this does not mean that it is linked with the pandemic only - rather, it is strange that it still attracts huge numbers of users despite the emergence of the vaccine