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Zoom Communications, Inc. Shs A Cert Deposito Arg Repr 0.0212766 Sh AZoom Communications, Inc. Shs A Cert Deposito Arg Repr 0.0212766 Sh AZoom Communications, Inc. Shs A Cert Deposito Arg Repr 0.0212766 Sh A

Zoom Communications, Inc. Shs A Cert Deposito Arg Repr 0.0212766 Sh A

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ZM long ideaAfter a long downward sloping consolidation we have a breakout which we should see hit the gap AT LEAST which is at $460, then would be the .618 of the overall structure and eventually a retest of the ATH. Along with this you have classic bullish div on the MacD indicating buying pressure. I, personally, would take the position after capturing the .236 as support and placing SL under the recent swing forming. Best of luck and let me know your thoughts on this trade below, thanks!
NASDAQ:ZMLong
by YouKnowTheVibes
On Zoom, the Corrective Pattern is absolutely finished 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 massive structures. The main reason is that fake-outs are common, and if you are a breakout trader, one of your objectives is to avoid low-quality scenarios as much as you can. For that reason, we have defined a bullish scenario we will be waiting for. Bullish Scenario: If we observe a breakout of the corrective pattern, we will be waiting for a retest of the broken structure or the resistance level. The formation we want to see must be formed at least for 5 daily candlesticks. Finally, we will trade, as you can see on the EXPLANATION chart. From there, we can aim at two targets, first the next resistance zone and second the previous ATH zone. Expected Time: If everything goes as expected, we may see a 20 days movement towards the first resistance zone and 50 days towards the new ATH (take these two numbers as approximations) Bearish Scenario: If the price cannot break the corrective pattern and the resistance zone, we may see a bearish movement towards the next support zone, around 250 - 240. We are not interested in developing any short setups here. Thanks for reading; feel free to share your view or trading plan in the comments!
NASDAQ:ZM
by ThinkingAntsOk
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