I wonder who absorbed all of this huge volume at these low prices.. I guarantee the explosion is under formation .. it is now around $70 and the target is not $120 but could be $240 regardless of the market condition.
- 📈 Zoom (NASDAQ:ZM) beat Q3 FY2024 revenue estimates with a 3.2% YoY increase to $1.14 billion.
- 💹 Revenue guidance for the full year exceeded analysts' estimates, but Q4 guidance of $1.13 billion was 0.3% below expectations.
- 💰 Non-GAAP EPS improved to $1.29 per share, up from $1.07 per share in the same quarter last year.
- 📊 Free Cash Flow increased by 56.6%...
zoom is setting up for a nice bullish move on the higher timeframes.
a medium squeeze in a nice long consolidation, now above all the moving averages an early entry is possible but safer is a break above consolidation area
In September 2022 we published the trading idea where we expected more downside for ZOOM:
Now it's time for an update and more details!
ZOOM price most likely is at the bottom now or very close to the bottom.
Weekly bullish divergences are not a joke. We expect at least 75 % pump.
What about the stop loss?
You can put a stop loss below the key support,...
I doubt Zoom is in for another 800% gain, but the company is far from worthless. Still down about 90% from its all time high and trading in an area that has historically acted as support.
Zoom Video Communications (NASDAQ: ZM) beat expectations for its fiscal third quarter, but offered mixed guidance for the current period. Still, ZM stock rose in extended trading.
The San Jose, Calif.-based company earned an adjusted $1.29 a share on sales of $1.14 billion in the quarter ended Oct. 31. Analysts polled by FactSet had expected Zoom earnings of...
Zoom is currently trading around $64.12 as market participants await the company's quarterly performance report, scheduled for release today.
Zoom's Performance
In Friday's trading, Zoom spiked to 64.76 and consolidated its gains before settling at 64.12.
At today's open, Zoom looks set to open around $64.25.
There were 4.22 million shares traded on the day,...
If you haven`t sold ZM here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 60usd strike price Puts with
an expiration date of 2023-11-24,
for a premium of approximately $1.25.
If these options prove to be profitable prior to the...
I have made several big calls this past month of stocks which I think could rally after their earnings call, and ZOOM is one of them...
Here is a chart break down of ZOOM's price action since its IPO back in 2019.
Stock was earning 120 million trading at $105 a share back in 2019 before Covid19 even existed. The stock has been slaughter the past 24 months...
we all know zoom DOMINATED during the the COVID Breakout
yet when the Vaccine was rolled out by WHO and Fauci it discounted quickly to rollback to where it came from
Google Meeting is killing it Microsoft meeting is getting a piece of the pie
the ai angle in zoom iQ may take a while for ENTERPRISE players to digest
to put it simply its a business to business...
I'm short $ZM since earlier today, I believe it has peaked here. Investors are likely to take profits now that competition has increased dramatically for them.
They thrived when the world was locked down due to the threat of COVID-19, but now that vaccines will be widely available and distributed globally very soon, holding shares has become extremely risky. I'd...
The price drop slowed down on an all time low demand zone. And as per the price action, it seems we might see a small trend reversal up to $70 area where the price will hit strong supply area.
But if the price closes below $60, we will have to reconsider our entries.
hi Traders
Zoom (ZM) price is testing down sloping resistance line . It seems that one breakout already turned out to be a fake-out.
Consider entry at 70.50.
Target price at first support line at 65.00
Stop loss is shown on the chart
