$280 Call For Friday
As an options swing trader, I have been cautiously watching the markets recent decline and our even more recent pull back. Have the bulls regained control? I am trading with extreme caution and looking for obvious indicators that show price movement. Based on the indicators I am looking at, and you can see above I believe ZM has the potential to hit a minimum of $280 a share by Friday October 1.
With market trending upward and bullish momentum growing, along with MACD, D+, triple confirm, and Elliot wave analysis. I see ZM about to pop.
Here is my supporting evidence from least reliable to most reliable
I. All three major futures are up indicating that we could potentially be in for another "green" week.
II. 3x confirm shows we have not tapped out yet and has a fresh buy signal
III. Divergence Plus has a buy indicator that has a track record of being extremely accurate & cost a subscription to use based on its extreme accuracy
IIII. Elliot wave shows we would have to fall to $262 a share in order to maintain that 2nd wave
V. Candle stick analysis, which is my favorite analysis! We hit a high of $273 before having a pull back, however that pull back failed to reach a lower low. AND an uptrend has started
Failure is an option! Some factors that support ZM falling can be fundamental such as ZM being investigated by the DOJ or even from a technical stand point that ZM failed to break through resistance last Friday.
Conclusion
I am a high risk high reward trader and have been very successful My track record is what keeps me going even when losses occur. I am confident in my trade for this week and would love to hear your thoughts in the comments.
With market trending upward and bullish momentum growing, along with MACD, D+, triple confirm, and Elliot wave analysis. I see ZM about to pop.
Here is my supporting evidence from least reliable to most reliable
I. All three major futures are up indicating that we could potentially be in for another "green" week.
II. 3x confirm shows we have not tapped out yet and has a fresh buy signal
III. Divergence Plus has a buy indicator that has a track record of being extremely accurate & cost a subscription to use based on its extreme accuracy
IIII. Elliot wave shows we would have to fall to $262 a share in order to maintain that 2nd wave
V. Candle stick analysis, which is my favorite analysis! We hit a high of $273 before having a pull back, however that pull back failed to reach a lower low. AND an uptrend has started
Failure is an option! Some factors that support ZM falling can be fundamental such as ZM being investigated by the DOJ or even from a technical stand point that ZM failed to break through resistance last Friday.
Conclusion
I am a high risk high reward trader and have been very successful My track record is what keeps me going even when losses occur. I am confident in my trade for this week and would love to hear your thoughts in the comments.
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