ZM was rejected at $410 after an indecisive Doji candle the day before. The last three candles show the bearish evening Doji star. The bears have taken over and the support is $385, and if this goes below then the next support is $367. If the buyers buy at $385, then it needs to break $410 to reach $450.
ZM Bearish – Lower high in 1D chart .
For this play to work we need :
• Zm to go back to 420 – 425 and reject , come back down from here .
• Zm to go back to 436-440 ( Red line ) and reject .
** This trade will not work if we break above 440 .
Target for this trade :
• 1st Target 400 -397
• 2nd TG 390
• 3rd TG 370- 368
• 4rd TG 345
• Last target 300 – MA...
This is my first EW analysis. I think it looks proportionally accurate with the exception of the shallow Wave 2 and the deep Wave 4. I'm also unsure how to calculate the slope of the Wave 5 impulse. Thanks for any feedback!
Most certianly slept on ZM dip to 366 as that would have been a great long entry.
396.39 is heavy support dating back to mid September and is also very close to the .786 retracement level from the most recent high low swing from November 6th to November 10th. (I am using this swing as it falls in line with the chart and previous heavy support dating back to...
Updated using cycle analysis (weekly and day chart). If this plays out, I will look for the entry after earnings.
Entry = 380-390 After Earnings
Exit = 450-460
Stop = 340
Please comment -- always looking for suggestions and new perspectives.
There is a big gap to fill, the Stochastics appear to be trending in the right direction, Bollinger Band Strategy confirms an upward bias. IN at $401.40 with a stop loss at about $365. Looking to about $480 to fill the gap.
Lockdowns starting, schools going online next week, and best of all potential reverse head and shoulder movement forming? Zoom is on heavy watch for me for a short term movement. As a long term company, globalization will continue to push this household name higher NASDAQ:ZM
Lockdowns restarting, stay at home stocks getting crushed recently from vaccine news...are we setting up a gap fill to leave an island down below? Would be very bullish if this is the case. Keeping an eye on them for any trend break! NASDAQ:ZM
ZM snapped back quickly from $380 area and now is moving towards its next resistance and trendline area of $445-$447. If the virus cases keep rising and any stay at home orders are further announced, it could clear its descending channel towards its next resistance in $480 area.
