$ZM on verge of collapse on weeklyUnder 270 we can grab 40-60 handles. The target would be $228-$200. What a swing short that would be for the homies.
ZZZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 COM
2,055ARSD
−25−1.20%
At close at Jul 8, 19:56 GMT
ARS
No trades
ZM trade ideas
NASDAQ: ZMHi Guys , what do you think about my analysis on Zoom's chart right here .
i guess it's a good buy opportunity for Zoom right now because it has touched the support multiple times and failed to break below ,
it has broken out from Double Top chart pattern few weeks ago and expecting sellers have taken their profit,
now we just have to wait the buyers to step in to push the price to the upside ,
we will see a reversal from Zoom if it can break the gap above,
and from my opinion i think its very low risk trade for me with a good RR right there .
Remember to do your own chart analysis before you take the trade for your own good!
$ZMThe company's name quickly became a verb as friends, family, and co-workers tried to stay connected. And Zoom overcame the unforeseen challenges that resulted from heavy consumer usage of a product that was intended for businesses.
Now that growth is coming back to earth, the stock has fallen 51% from its high last year. Despite that, there are several good reasons to think Zoom could stage a rebound. And one reason it might not.
In the second quarter of last year, Zoom saw sales climb more than 350% and customers with more than 10 users jump over 450%. That led to some issues. Management pledged a 90-day moratorium on feature development and dedicated all of its time to security and privacy. It executed its seven-point plan and avoided what could have been a growth-crushing problem.
Zoom continues to innovate. Recent announcements at its Zoomtopia conference include video voicemails, whiteboard, and live translation. It also highlighted applications for high-touch use cases like doctor visits and wealth management. Some might argue none are revolutionary. But the incorporation of all of these tools into a video communications platform makes it a compelling product for the enterprises it is targeting.
On the technical side of things ZM is currently sitting at support while it’s formed a descending triangle.
We can also see that the MACD is curling w/ the RSI sitting at an oversold level on the daily chart.
I suggest keeping this on your watchlist.
- Factor Four
Side note; Regardless of the pattern it doesn’t mean I’m bearish on ZM.
I’m actually fairly bullish long term.
ZM: Bullish Harmonic PatternZOOM is tested the previous low at $274.
Any break below that price area will increase the chances for more downside up to $254 where the price may find the next strong support zones.
So the reversal zone that I am looking at is between $254 - $274.
Targets:
322
354.50
Thank you and Good Luck!
$ZM key bounce/institutional entry!Zoom is bouncing... Just look at the daily candles leading up to our 3.40% bounce on friday 9/17, they couldn't have looked better than that. You also cannot ignore the oversold RSI on the daily, we have NOT seen this since the last time Bernie Sanders had a heart attack, which was in October of 2019. I love the entry here just waiting for a trigger and confirmation, the technical side of $ZM doesn't even look nearly as good as the potential fundamental side this company has in the near future. I wanna keep this short, please do your own research.
Pull Back FishingPossible double bottom.
This pattern was looking like a bullish bat, but passed the .886 fib level and hit the prior bottom. Double triple and multiple bottoms can form solid support. It shows a level where bulls make a stand and were not letting price fall any further. I am keeping an eye out to be sure 2nd bottom holds.
This can be a level of strong support, but support and resistance levels were made to be broken. There is only one candle at this 2nd bottom as I type this, but the 2 bottoms are very close in price.
Possible stop under lower of the two bottoms or 273.20. There is pocket pivot there as well. Sometimes it is a good idea to tuck your stop loss somewhere that everyone else is not using as a stop level in case Mr. Market goes stop hunting.
Several bearish moving average crossovers above but that is not unusual at the bottom. There will be resistance overhead and possible short lived rallies up as sellers sell that are stuck up there somewhere. Former parabolic arc so possibly still some volatility lurking around any corner.
All time low is 59.54. All time high is 588.84
No recommendation.
Zoom Analysis 16.09.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I would also appreciate, if you would smash that like button and help me to create more free analysis like that.
Thank you for watching and I will see you tomorrow!
ZM in limit inferior of range in DailyIn daily frame we are in the inferior limit of range (288), if we break this level next target 228
in the week frame all the components of ichimoku are down, and the chinkou can cross the cloud if he close this week under 295 ,if that we can confirm the end of Bullish trend.
the pullback is possible at this level (288) and we target the high of range (400)
BIG over reaction on Zoom EarningsBig 16% gap down on Zoom on earnings that I would think will get filled. Zoom is still making money hand over first, but just at a declining rate.
I think this drop is an over reaction. Might be a good short play in it. Might be 20% in it to close the hole.
As always keep stops handy.
Missed Opportunity$ZM fell off a Cliff today. Watched it break support but didn't hop in. Broke trend on TWO ema clouds as well smh. By far one of the best trades I didn't take recently but definitely another confidence booster. NASDAQ:ZM
Soon I'll have mastered a way to trade and work or maybe just cut out the latter.
ZM might grow backOk, I heard about ZM falling the other day and as we can see, it crashed through 3 fibonacci supports, but stopped (in the support of some months ago), losing momentum and hovering right at the same level, that could be a sign of change in the tendency (do you see all those hammers and 'T' down there?), also the indicators say it isn't falling, plus, it is soooo away from the MA(20->200) that the chances of getting back are really big (that happened with AMZN some weeks ago). I'll go long when I get a confirmation
#scenario 2 for Zoom(#2nd scenario) ---This scenario implies that this is a continued (WXYXZ) wave pattern. If this was this pattern we in my opinion would be looking at this green zone below based on the last extension from the (0-4th wave) on the last wave down at (0.382) we would land here in this zone before a strong bounce up which would be our next (C wave) before another continued down move.
As always these are my opinions. Good luck out there : )
Zoom update(Zoom Update) --- **I have not gotten into a deep dive on (Zoom) fundamentals other than the basics of knowing that they had some pretty good earnings in the pandemic and this *Quarter* just went slightly below expected and they gave no guidance, but I do know they are looking to expand beyond other things, so again this is just my technicals standpoint and not the fundamentals**
So to the basics we know that our (wave 2) was a Deep retrace and we should expect a shallow one for the (4th wave) to start the next wave structure to (Wave 5) .We also know that on a linear scale we are at the (.618 fibonacci) and on a (Logarithmic scale) we are at just above (.382) and we also know on the (Weekly,Daily) we have strong "Bullish divergence" aswell as having "Market cipher" giving us a (4hr big buy).Also we know that we are at the point of strength of volume for accumulation for a big move in a direction.Now the Risk factors if we break below *Yellow zone* we can expect more downside within the zone below.Now so far we are still playing with the volume point of strength and still patiently waiting on the next move nothing has really happened yet but a break above median of the pitchfork would be nice for a confirmation of bullish perspective, but so far we are still playing sideways as everything still leans bullish until something major changes.
Well thats the update happy trading : )
$ZM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ZM after a Negative Under reaction following its earnings release placing the stock in drift D.
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EASY GAP FILL ON $ZM!! Possible Gap Fill Monday
- Previous THU & FRI were both green days making its way into the gap
-We can see a red open if we do we shall look for a reversal
- If we open green right off the bat we know we are clear all the way until $322.84 first PT then second PT which is the top of the gap fill which is 339.37
