Trade ideas
great risk reward entry for longs 🔥zm in a bearish downtrend channel, but near the bottom trend support. This has been a great long entry in the past if you are a short term swing trader!
Just don't forget to secure some gains when we approach resistance levels again.
stop loss 170, price targets 250-302
like and follow for more 💘
JICPT|Don't rush to buy Zoom for new wave of covid! Hello everyone. I've been on a business trip for over a week and got no access to TV from the hotel.
I think it may not be too late to talk about the new strain-Omicron. The news that the first case was found in EU as well as US triggered a wave of sell-off. Investors were worried about the new strain due to its transmissibility. Back then, scientists need time to have a better understanding of the features. We can clearly see stay-at-home sector got favored as it attracted fresh funds, zoom is one on the list.
However, I don't think it's a good time to jump in at the moment. The reasons are as below:
1. Weekly structure : A potential AB=CD pattern is forming. It might go further down to $92 .
2. Daily structure : The downtrend channel got well respected. Look at those MAs, it's still in downtrend.
If you're keen to the stock, better wait till the daily structure gets terminated.
What do you think? Give me a like if you're with me. Thanks for your support.
Consolidation for Possibly Move UP Zoom started consolidation around 180 level on 3 December. In very heavy jerks of NASDAQ 100 and S&P 500 it maintained its position with slight ups and downs. Every time it returned to the point level. Today it crossed the level up and now entered in 200 zone (Today's HH 201.69). It has also crossed the daily MACD as buy signal. Let's hope for a better journey towards 280 level which is its next strong resistance.
ZM TECHNICAL ANALYSISzm has a lot of gaps to fill.
it is in an overall downtrend which i traded against today and inevitably got caught in a bad move.
looking for this stock to bounce on the trendline or a trend reversal to start filling those gaps.
gap levels
-first gap is near the 237 area
-second gap is above 275.50 - 281.
i know there are a lot of s/r levels but i like to keep it detailed.
feel free to give feedback and/or advice on anything.






















