ZM sideway run out of bearish channel #zm sideway 8 months and run out of bearish channel.
Look like creating Falling Wedge.
IF #ZM can hold above 65$ , next target : $68/$71
IF #ZM below 65$ , next target 63.5$/60$
ZM trade ideas
Zoom seems to be bottoming outZoom seems to be bottoming out below $100, making a great buying opportunity for higher highs above entry price of $100.
Oversold stochastic
Market Exhaustion to the downside of the RSI
Bullish divergence on the weekly time frame and more.
Target Price: $163 - $277 - $400 and higher in the months and years to come.
$ZM - Boom or Bust? NASDAQ:ZM Zoom has retraced 100% from its all time highs.
It is currently consolidating, forming a double bottom and moving in a very similar pattern to $ROKU.
The questions is will it make a new low or start a new bull run. I am expecting the latter - A new bull run.
Options ideas: $100 strike, expiry 15th September 2023 with 10% SL, currently priced at $60 a contract.
Zoom Potential Rounding Bottoming Zoom Video was a darling stock during the pandemic when office workers were sheltering in place at home and communicating via video chats. Price hit a high near $600 in Q4 of 2020 and has fallen roughly -80% to current levels where it has levelled off and appears to be forming a bottom in the $70 range.
Currently price is attempting to hold and trend above the 200ma which it hasn't done since the summer of 2021 when the previous attempt to regain the 200ma failed. Going forward we want to see price hold above the 200ma and take out short-term resistance at $75-$76.The short-term MA's are currently rising above the longer MA's which is an indication of a short-term bullish trend for price. We want to see price continue to move higher and for the short MA's to rise above the 200ma for a sign of bullish trend continuation.
The PPO indicator show the green RSI line rising above the purple signal line which is a short-term bullish momentum indication. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum behind price.
The TDI indicator shows the RSI line crossing above 60 and in the upper half of the white Bollinger Bands which indicates a short-term bullish trend in price. The overall action of the green RSI line is trending between the 40-80 levels which indicates intermediate to long-term bullish price trend. Going forward we want to see the green RSI line continue to rise above the 60 level for short-term bullish bias in price which would help maintain above the 200ma.
Price gapped down in Aug of 2022 so should Zoom hold current bullish bias and take out short-term resistance levels we could see a move to fill the gap up near $95-$96.
My entry is at $73.95 with a stop loss at $68. No upper price target for now other than the gap target, will raise my stop-loss order as price moves higher and creates a series of higher highs and higher lows assuming that a breakout is coming.
ZM - 3D timeframe hints at potential MACRO shiftHi guys, this is a Technical Analysis on Zoom.
So many stocks have done well in this bull market and some not so much. My focus is to catch some potential ones that are down significantly from their blow off tops, in the process of bottoming.
Note this is a 3 Day timeframe. This analysis is to see hints in these intermediate timeframes to see whether there is potential for these findings to impact the bigger picture or MACRO trend.
Current Price action for the last 4 candles have printed support above the 50 DMA (green moving average) and 21 EMA (Yellow moving average)
Note also the 50 Green DMA is starting to flatten out, indicating a potential BOTTOMING sign, since if you look left the things been signficantly pointed down since blow off top.
Also note the 21 Yellow EMA is starting to slope up, trying to cross over the 50 DMA.
This has happened only 1 time in the history of 3D Zoom chart but when it did, a massive bull run ensued after. This is something to OBSERVE.
ANother plus point, we are above the 2 sloping trend lines that were resistance lines since July 2022 and Nov 2022.
NOw lets look at the CANDLE characteristics of the 4.
Its important to notice the UPPER WICKS forming -> this indicates selling pressure, and that we are hitting on some tough resistance, indicated by the RED rectangle.
BUT note the highlighted candle formation -> This is a Dragonfly doji, which is a BULLISH candle pattern. I wont go into the details as i am not an expert but just note its not a traditional dragonfly so the power of its impact, may vary. (Again i could be wrong, so don't hold me to this and correct me if im wrong)
Note the tail of the Doji, how it bounced off this major convergence of support between the July 2022 resistance line, and both MA. Great sign in my opinion for a bullish case.
BUT also keep your mind on the various support lines below price action, if we get rejected here which is always a possibility, look for price to test:
1. Firstly the moving averages
2. The July 2022 resistance now flipped support
3. November 2022 resistance now flipped support
4. Lastly, the RED horizontal MAJOR bottom support at around $61. WHich we have never gone below in the history of ZOOM.
Lets move onto my indicators:
1. RSI- Note the Red line, this is actually a reference to the BULLISH DIVERGENCE forming in zoom. Notice also the first white horizontal line, We have recently broken major resistance and formed a higher high in RSI. This is a good sign in my opinion. The 2nd white line above, is something that if we break would indicate MAJOR trend change, as we would break the June 2021 highs on RSI.
2. MACD -> momentum indicator -> Notice how the histogram bars have shortened and the Blue/Red lines have flattened. This in my opinion, this "quiteness", may indicate a "Calm before the storm" scenario. Also if we are crossed up where the Blue line is over the red and ABOVE the 0 level, that could be a sign for bullish momentum. Especially if the space between the 2 lines widens.
3. ADX & DI - Notice the green line is slowly moving above the White horizontal line, if we can get significantly above it, its may indicate a chance for further bullish momentum. If also the white line comes up and pierces the green line, that would add to the bullish momentum case.
*BULLISH DIVERGENCE is a bullish pattern where price action on the charts shows lower lowers but the indicators show higher lows. This pushes price to "catch up" with what the indicators are showing, since normally price action should mirror indicators & vice versa.
CONCLUSION:
Price action is currently in an interesting zone of resistance. Getting above this would be monumental for ZM for sure. We have some great support levels hanging out below us, which could make for some nice BUY zones if price gets there. But in the great scheme of things, and in my opinion, NOT Financial advise -> Zoom is extremely cheap. There are some bullish signs like the dragonfly doji, potential EMA/DMA cross, Higher high RSI and more...... COuld these be the necessary catalysts to have zoom finally start a bull run, well....... TIME WILL TELL.
THANK YOU for taking the time to tune in. Please support me by boosting, following and commenting. Feedback always helps and or expressing your thoughts would be great.
DISCLAIMER: This is NOT FINANCIAL ADVISE. I am not a financial advisor. This is strictly my opinion and for educational expression. Trade with caution, always focusing on RISK MANAGEMENT. Protect yourselfs, deploy stop losses.
i bought zoom video communications inc.Zoom, stylized as zoom or Zoom Meetings, is a proprietary videotelephony software program developed by Zoom Video Communications. The free plan allows up to 100 concurrent participants, with a 40-minute time restriction. Users have the option to upgrade by subscribing to a paid plan.
ZM BUYHi, according to my Zoom video stock analysis. There is a good buying opportunity. The stock exited the downward channel. And breaking the resistance at level 70. We also notice a very strong positive green candle for the daily time frame. And there it started to form an ascending channel to the top. Good luck everyone
Zoom ($ZM) LongZoom NASDAQ:ZM came in with bullish call flow for the August 18th expiration. There was a lot of action on 7/13 and 7/14 on the 8/18 80 strike calls. A break above the 200 day moving average or $72 would be bullish for the stock to keep the momentum going. NASDAQ:ZM hasn't broken above (or really tested) the 200 day moving average in a loooong time... Target = $85+
#ZN Straddle detected. Idea valid up to August 2023Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance. We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order.
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Zoom ready to BoomI believe we have went through the 5 wave cycle to the downside on ZM. I want to see this pullback hold or maybe push lower a little more, but just not below my blue support lines. If we are to break through those I am going to readjust the chart. We should see this pullback happen then a very sharp rally out of this long downtrend channel. I would be a buyer on ZM right now. I think the risk/reward is there.
$ZM - ZOOM long term buys. Zoom has certainly been a hot topic in the stock market as of late, with the increasing popularity of remote work and virtual meetings. The volatility in the market makes any stock trade idea risky, but there are a few factors to consider when it comes to Zoom.
First, it's important to look at the company's financials and performance. Zoom has shown impressive growth over the past year, with revenue increasing by 355% during the second quarter of 2020. However, it's worth noting that competition in the video conferencing space is fierce, and there are no guarantees of continued growth.
Additionally, keep an eye on broader market trends and potential economic impacts. As the world continues to navigate the COVID-19 pandemic, any shifts in consumer behavior or economic policy could affect Zoom's stock price.
As always, it's crucial to do your own research and consider all factors before making any stock trades. I'm here to assist you with any information you need to make an informed decision.
