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...
Hope the last trading week was in the green for all of you.
Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily).
Good entry point if the daily takes support of the trend line and closes above the previous low.
Stop loss just below the support trend line of the flag ( see red horizontal line ) .
My entry is...
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. 👀🚀
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this is an update for our recent zoom stocks analysis. as you can see the falling wedge which we talked about in the last analysis has been broken by the price ,so now with more assurance we can
say that the zoom stocks is about to increase to the top of this wedge once again! now the price is doing a pullback after that a...
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💡 ZM technically based idea, we can see price is bounce from bottom trend line, technically indicators showing we can expect higher...
Charting for a friend.
On the 1D chart, it looks like Corrective Wave C is underway.
Target price range to look out for is between $194 to $261.
Recommendation would be to wait on the sidelines with your dry powder, on this one.
Hello traders and investors!
Today we will talk about Zoom, its price action from a technical point of view and wave structure from Elliott Wave perspective.
Zoom made a massive rise in 2020 as it was and it's still very useful app for video communications.
However, nothing goes in straight lines, so we see it as a completed wave 3 and since October 2020, we can...
Live Challenging Market Analysis Buy ZM STOCK @ 298
Target @ 511
Entry 2 @ 182.28
Target Buy 1 & 2 @ 228
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for...
Strong weekly closure for last 2 weeks
Improving RSI from 51 to 65
Direction movement indicator signaling upside
Trending indicator value improving
There is 12EMA crossing upward of 50EMA
These confirmations suggest higher probability of price rising.
Buy if price stay above 430
Weekly closing basis Stop Loss = 419
Targets 460, 504 derived from Weekly Fibo ...
If Zoom manage to find support around the area 372, most likely it will reach 455 and than only reach 600.
However, if Zoom is unable to find support around 372, it will most likely find support around 325 - 345.
My entry and target price
I have enter a small position around 350.
1st target price: 455
This is what I think will happen with zoom over the next few weeks.
We will continue to bounce from here and potentially hit my identified reversal zone.
Look at my blue and yellow fibs there for confluence.
My purple fibs are my elliott wave projection fibs which are currently estimating A=C. wave C could easily head to the purple 1.618, at which point we...
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...