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ZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 (USD)ZZ

ZOOM COMMUNICATIONS INC CEDEAR EACH 47 REPR 1 (USD)

1.685USDD
−0.045−2.60%
At close at Jun 10, 17:34 GMT
USD
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ZMD trade ideas

Trading plan on ZOOMToday we will analyze zoom, and we will provide the setup we will be waiting for in case we observe a similar price action. Important items: a) The price has been on a Descending Wedge for 170 days (corrective pattern). b) Currently, the price is supported on an ascending trendline + Lower trendline of the Descending Wedge. c) If the price breaks the ascending trendline, we can expect more bearish pressure towards the next support zone at 235.00 d) If the price cannot break the ascending trendline, we want to wait for a breakout of the wedge pattern. After that, we will look for a throwback (retest of a broken zone) e) With all the previous conditions, we will trade above the throwback, and we will set our stop loss below it. The minimum risk-reward ratio we are looking at on this setup is 3.5 Thanks for reading!
NASDAQ:ZM
by ThinkingAntsOk
$ZM 2HR Zoom has gone everywhere and nowhere for months. Stock is heavily swayed by news of vaccines, new virus strains and the owner moving 40% of his stake. Finally a setup has a arrived with this beautiful daily falling wedge. Previous day closed as a shooting star, showing retracement is possible. Longs can be taken into demand or above previous weeks high. Since there is no bottom yet the safest play can be above previous weeks high. Falling Wedges are dangerous because they can keep falling. This is just a idea, or possible outcome.
NLong
by hooshae
ZOOM Short to 230I wish I had posted this play sooner but I have been scalping ZM puts ever since it reject the .618 fib resistance multiple times... Just by looking at the chart, it seems as though ZM is respecting the fib lines almost to a tee, as you may already know, I only play the .618 and the .382 fibs since those are the most important retracements. ZM has triple tested the .236 fib which is looking fairly weak especially after todays selling volume. I will be adding onto my current position if we get a confirmed break of 315 support. Stop loss will be 325. This can certainly be a 100%+ play if you consider grabbing some puts a couple weeks out, the market has been dumping the whole week and it doesn't seem like its gonna stop anytime soon. My positions: 4/16 275p, 5/21 240p PT1: 292.77 PT2: 273.49 PT3: 232.11
NShort
by stockmankam
1
Bearish Triangle and Death Cross in Zoom VideoAs Zoom Video Communications continues to struggle, more bearish patterns have appeared on the chart. First, the recent price action has resulted in a descending triangle, with support around $309. This is a classic continuation pattern, pointing to potentially more downside in coming weeks. Second, the 50-day simple moving average (SMA) is about to cross below the 200-day SMA. In other words, a “death cross.” Third, notice how volume has been lower on the green days. Also notice the large bearish engulfing candle on March 2. That’s especially noteworthy because it followed a strong earnings report. It was the second straight quarter that good news was met with selling – another potentially bearish sign. Finally, other important numbers remain a problem for ZM. Its price/earnings ratio is a whopping 75x and price/sales is 34x. Meanwhile, Treasury yields keep rising and coronavirus infections have fallen. In other words, ZM was a very effective way to play the pandemic. But as that moment seems to fade, it’s a very expensive stock suited to a very different market. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview ​for more.
NShort
by TradeStation
2
Growth is definitely not over, just beginningThe market's pricing in lower revenue for Zoom, and other Covid stocks under the (irrational) notion that people will no longer need Zoom after re-opening... however a transformational shift to online working communication, telecommuting, and online education has just taken place and will continue to be the new norm. People are very hesitant to change, period. Now that such a drastic change has occurred in society via online video collaboration and conferencing, people will naturally be hesitant to change especially businesses who benefit from reduced overhead costs and realized they can do just fine without the office real estate. Think of how much communication practice has been supplanted by Facebook and Tinder. New norms and life-changing technology will always be grim and miserable, because money (and war) is the only thing advancing in the world and not human nature and benevolence. Just go long and make money.
NLong
by Bluecaller
1
ZM Will be available under $300ZM clearly changed how we communicate during COVID. Just the way people mentions GOOGL for searching Zoom has become synonymous for video conferencing in professional. It clearly had its run way ahead of its time pulling forward much of that growth in its stock price. This would be the time to stop the sprint and take a pause for consolidation. So far major gaps have been filled. Now $300 would be a major touchdown target and enter consolidation phase to 290-275 range. Bottom picking can be done when 250 floor has been tested and the growth in earnings continues.
N
by anjeltrade