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...
Zoom reversed course yesterday either due to the extension of the current USSOTH to another term, or the reinstatement of the closure of all on-campus learning in NYC schools.
Stock price bounced off the 100 MA with an RSI of 42.85 and the MACD looking to cross over the signal line. And the gap down on Nov 6 is now serving as the new resistance which falls on...
nice push off of 409 base today after yesterdays pump on NY school news. If closes above this level, next up would be 440, 451 so on. Setting up nicely for earnings run
$ZM got crushed hard on vaccine news and finally things are unfolding where trials are not painting a greener picture.
On top of it, all companies which are announcing promising vaccine, their CEOs are selling huge lots of their stock and cashing out, which looks really -ve
$ZM should be back to 500 levels and 600 levels in coming month.
Pick some Nov...
Covid cases increasing expect more schools to close like New York and more business to move back to more online.
Look for candle formation to form at S/R level and then look for entry.
1) Descending broadening wedge CP in Uptrend
2) Rebound at the weekly support
3) Have Higher Low, now pending for Higher High formation
4) Red histo becomes smaller
5) MACD upward, but daily pending golden cross
6) Dark red histo gets smaller
7) Possible M (I don't know which harmonic pattern it is, but I know M is a bullish one) pattern in TF1D
8) EW Wave 4
ZM is gearing up for a good move ahead of their earnings report November 30. Currently flagging, it is looking to clear a 419 resistance + breakout before pushing up to its next resistance around 446 to 451. If it can clear this level, it may attempt to fill the gap (modestly at the next resistance 477.50, or aggressively at 482.50). Ahead of their earnings, and...
NASDAQ:ZM
After 37%(-222$) of Downtrend... Buy The Dip! (especially if it's a big cap like Zoom)
The Corona will not end soon, the world has changed and zoom here to stay.
There is a multiple bottom on trend line,
also 401$ is around a strong whole number (400$) .
Zoom has "fallen from grace", aided in part by the announcement that a vaccine could be near. It fell from 588.80 in October to a low of 366 on 10 Nov. Having fallen nearly 38% from it's recent high, I suspect "value" is starting to emerge again and that the 61.8% fib support level at 365 would hold.
A bullish divergence between price and RSI is also...
