Chart is pretty much self explanatory. We are right at the downward trend line which needs to be cleared to make a move higher or we fail at this level to trend back to recent lows. In either case, wait for a pull back to get a low risk entry. With all the new lock downs, I am leaning towards an upside break but will wait for price to dictate that entry
set your alerts at Today's high/low. if it breaks with volume , expect it to continue on to the target set on that side of the break. also keep an eye out for a possible gap fill up at the mark i have set in blue.
#ZM $ZM
ZM could be a fast mover bc of market volatility due to covid updates, so be catious. Wait for the market to decide the direction and ride!
Zm tends to respect levels.
Puts under 434, targets: 422.55, 396.19, 367.27
Calls over 445, targets: 476, 505.20, 539.91
Strong change in sentiment on this stock as COVID fears overshadows vaccine news.
Indicators and volume Bullish.
Gap om chart from $447 - $482.
20 & 50 ma's as resistance.
Alert set on break above downtrend.
We are in a bearish channel, well defined, where the price is concerned. If in the short term, it confirms breaking the first support, the price has free fall until the second support. At that point is where I see, a possible change in the uptrend, respecting the second support and trying to break the bearish channel with force.
Otherwise, if he does not succeed,...
Keep an eye on money flows between ZOOM videos and JETS Airline ETF as a supportive leading indicator for economic recovery.
Bounce off support for ZOOM & double top in JETS does not support a recovery any time soon. My bearish bias continues.
Great move on ZM today. This is one of my positions currently, so while I do say that I am not liking the NAS charts, this is one that is confirming itself to have a bullish trend. Looking for a small corrective pullback as part of the micro 5 waves up, and then a continued push to take us to 475. Copyright Rohan Karunaratne 2020
Technical analysis
From October 19th, we have seen a 26-trading-day downtrend. The second attempt to break the trend was at the 38.2% fibonacci retracement level, which failed.
We are now trying to test the same downtrend line (Red arrow), while also testing the 61.8% fibonacci retracement level.
The 50sma which is converging with the 50% Fib; which seems to...
THIS IS INVESTING ADIVCE.
I advise you to buy zoom shares or calls or sell puts.
My city just went back into purple tier again, pops says more covid cases rolling into the hospital. I think we have an eye opening winter, we realize even though we got vaccines. Covid will ravage.
Because of COVID-19, Zoom’s share value has increased dramatically since January 2020 (trend line in blue). Come August 2020, when school is starting again, it saw an even bigger spike than the trend had originally suggested (yellow), until mid October where it began to fall. This was in correlation to schools opening back up to in person, leading to less of a...
