Hype around Zoom is being replaced by hype around Moderna.
P/E for Zoom declines from 600 to 450 as earnings grow. Forward P/E is currently estimated at 150 projecting further earnings growth. That's a lot! Forward PEs for Salesforce and Netflix are 65 and 56 respectively.
If Zoom earnings grow 2x than projected and stock price declines by 33% then PE comes to...
Crushed earnings and still sank. Its okay, It is now setting up for a reverse head and shoulders if support holds. I am expecting a bounce tomorrow and in the next 2-3 weeks Im sitting on a move back to highs.
After the market closes today ZM will report their quarterly earnings. A remarkable stock none the less. But the primary catalyst for their success during these extraordinary times has been the very pandemic itself. With that being said much success has begun to arise for MRNA and PHE for their promising vaccine results. And talk of discussions of the vaccine are...
Zoom has currently bullish riding an upward trend. Look for it to pass the 474 resistance pre-market and fill the gap to 503. It is trading above the MA40 and MA13. For best risk management practices, watch for the shift after the earnings are release monday evening.
$ZM 4H Chart
For $ZM I have a potential bullish and potential bearish count. My primary bias is currently my bearish count
Looking for a pullback to my zone between 478 and 505 for a potential reversal to wave C
Above 504.44 I will start to re-analyze
Target for wave C is marked at around 300
From a fundamental standpoint, with Covid causing people to work from home, and social distancing from family, Zoom is a popular choice for video messaging/conferencing. Long term I see Zoom increasing in value as the work from home trend will not be going away any time soon, even if there is a Covid vaccine or treatment with 100% effectiveness. From a technical...
Zoom reports earnings this week after a modest recovery from a vaccine optimism fueled downtrend. The increasing damage that Covid-19 is having on economies across the globe could reverse the recent optimistic market sentiment. With an earnings report coming monday (Nov 30) look for a breakout in the early hours as this stock recovers some ground towards it's...
Earnings 11-30 AMC..
Risky to trade close to earnings. A security can beat estimates and go down anyway, or miss and go down. Vice versa also happens so just no way to know..
Possible T2/Longer term/ 822 to 940/Best to focus on targets 1 as T2, if they occur, is usually after a significant pull back. It is likely a stock will become overbought, or negative...
n a little more than a week ZOOM has their new earnings call for Q3 2020. Investors are taking notice and have started to buy up shares aggressively.
Trading earnings is a difficult and risky business, my advice would be to ride the wave and exit before the earnings take place. Much less stressful and risky.
Consider Resistance 1 as the main resistance in the...
