ZM Moderately Bullish Short TermDisclaimer: This is just my personal opinion and I am not licensed to provide investment advice.
ZM moderately bullish. Heavy trading has occurred between $385 and $430 in the last couple of months. Price has moved to the downside below $375, however expect a bounce based on oversold RSI, Aroon and OBV indicators. Expect $375 target in the next couple of weeks and second target is $412
Zm
ZOOM AnalysisCongratulations to people who bought ZOOM share from EngineeringRobo's buy signals, enjoy your 386.64% PROFIT that you made in 9 months!
As of now, there are 3 different SELL signals (sell 4 is behind sell 2) and EngineeringRobo is bearish.
If you want to buy ZOOM share, you can buy at EngineeringRobo's BUY signals or you can buy at my support level (259.39).
Also, if the candles will open-close above my resistance level (561.21), this may be a good opportunity to buy.
After you buy, please watch out for EngineeringRobo's sell signals and consider selling it.
ZOOM attractive levels to watch out. Zoom Video Communications
The video communications specialist Zoom Video Communications (NASDAQ:ZM) didn't pay a dividend and didn't repurchase any shares during 2020. But shareholders made billions by just holding the stock throughout the year. The stock price increased by 501% during that time frame, which corresponds to an increase in the market cap of $98.2 billion.
As the need for remote communications surged during the coronavirus pandemic, consumers and enterprises massively adopted Zoom's simple and easy-to-use video communications platform. Given its sudden and unexpected success, the company faced several significant cybersecurity challenges during the first half of the year, but that hasn't scared users away.
In addition to dealing with its security issues, the company has been expanding its core video communications offering into a unified communications platform, partly thanks to its recent Zoom Phone offering. As an illustration, this year, the research outfit Gartner included Zoom for the first time in its magic quadrant for unified communications as a service, positioning the company as a leader based on its ability to execute and its completeness of vision.
As a result of this strong execution, the number of Zoom customers with more than 10 employees surged by 485% year over year to 433,700 during the last quarter, which led to stellar year-over-year revenue growth of 367% to $777 million.
$ZM Zoom is stronger than ever$ zm, I believe, the Zoom share still carries surprises, as it has achieved widespread with the Corona pandemic, this does not mean that it is linked with the pandemic only - rather, it is strange that it still attracts huge numbers of users despite the emergence of the vaccine
12/23 PRE-MARKET WATCHLIST** THIS IS PURELY MY OPINION AND I AM NOT LIABLE FOR YOUR TRADING DECISIONS **
Futures and pre-market showed a little bit a strength as we're opening a bit higher, but we're still underneath the major support (now resistance) red trendline. Volume will be low today due to shortened trading day and holidays, but let's see if we can at least close above the red trendline today.
Again, careful trading today due to decreased volume!!
WATCHLIST 12/23
Recall that my trading style is short scalps and intraday options.
ZM calls over 409.65
BABA puts under 252.4
BLNK calls over 49
PENN calls over 96.65
PYPL calls over 246.1
SQ calls over 247.1
MRNA puts under 117.5
NVDA calls over 531.8
WKHS calls over 23.75
TWLO calls over 374.7
NFLX calls over 527.6
Happy holidays all!
ZOOM Some pressure left before recoveringZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar pattern.
In my opinion in order to buy ZOOM, I want to either see the 1D MA200 being tested and hold or a weekly close above the 1D MA50. Next Target $800.
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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ZM back on track?ZM has been holding around 400-410 since the drop after last week’s earnings report. I see that as a correction bringing ZM back to the channel from Feb to Sept. Looking at the 30 minute chart since December 1 shows steady buying around the 400-410 range, pointing to steady accumulation. My prediction is without any shocking good/bad vaccine news or other exogenous shocks, ZM will continue on an uptrend. I think institutional investors see value in Zoom’s customer base (small-medium businesses). Just as Amazon was once just a bookseller, Zoom can become more than just videoconferencing. Happy to hear everyone’s thoughts.