$ZM LONG IDEABeaten down, the most celebrated covid stock is down to its March 2020 levels, like the covid growth never happened. Its trading at 45 P/E right now with a lot of cash in hand. I think the bottom is near and tutes have been loading Zoom over the past few months as price was declining. My buy target is 160.
Trade Idea
Entry: $180C 03/18 when stock hits $160.5
Targets: $188, $204,$230
SL: $150 (previous support from March 2020)
Zmlong
ZM Zoom Video Bullish PennantIf you haven`t bought ZOOM at the 52 week low:
Then you can see on lower timeframes that it has formed a Bullish Pennant with a price target to the next resistance of 239usd.
You can see a gap between 227 and 239usd, so it will be easy if it passes the 227 resistance.
Looking forward to read your opinion about it.
ZM (Zoom) Bump and RunA bump and run can be observed from the ascending channel being formed
Bump when the price moves above the channel
Run when price declines back towards the channel
This is known as a "Bump and Run"
Price can also seen to be sitting at the .5 fib level from its ATH
Good buy entry for long term
$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 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.
ZM - GRAN balance, Cotización hoy: -16%Porque pasan estas cosas ? porque si la empresa gana MUCHO mas de lo esperado su acción desploma ? Respuesta simple: El Balance es pasado, el mercado ve a futuro. Junto al balance, la empresa anuncia que espera que sus ganancias a futuro disminuyan a medida que se siga volviendo a la normalidad post covid, muchas hicieron estos anuncios, como por ejemplo Amazon. Baja exagerada ? Oportunidad de Compra ? Veamos que dice el Análisis Técnico
Hoy Desplomó mas del 16%, pero frenó en una zona de soportes dinámico interesante, era una resistencia importante en el pasado, si pierde esta zona, sigue como soporte los 273usd. Si lo vemos desde el lado de los indicadores y medias móviles, TODAS estas dando venta, aunque con indicadores en zona de Sobreventa, es decir, de precios atractivos para un rebote al menos del corto plazo.
Indicadores:
SAR: Venta
RSI: Sobreventa
MACD: Venta
Koncorde: Sobreventa ( nivel del mar )
Conclusión : Una Empresa que luego de un GRAN balance, se desploma 16%, y tiene a los indicadores anunciando precios de ofertas, creo que es interesante para analizar para un rebote, claro que con riesgo muy elevado ya que se puso en clara tendencia bajista, con un SL si pierde 273usd
Zoom Trading in a Symmetrical TriangleZoom is Trading in a symmetrical triangle currently. It just bounced at a support level and is likely on its way back up to resistance. Watch out for earnings later this month as this could cause a false breakout in either direction. Short term long swing trade currently...
Bullish on ZM target 600-700 by March-AprilMid-term target 600-700 on ZM
Short term target for February 460-480
Key pivot: 420
Targets above 420 are 434, 450, 460, 480
This monster is about to wake up.
Broke out of a flag Friday, we either see continuation Monday or a pullback to retest the breakout.
ZM Buyback is ComingI have a long bias on NASDAQ:ZM considering that this company has intrinsic retained value going into 2021 and should continue to have a nice valuation's as we use it in our day to working and school, furthermore I expect that it can pretty easily squeeze past 420 to higher prices as such low relative prices are often taken by market makers. My first target would be 447 followed by 520 and 559. These seem stretched but make sense as shares continue to be accumulated at these lower prices. ZM is at the lower bound of it's "COVID" range and it is evident the company isn't going anywhere in the near future. 383 is last weeks price where the most volume was conducted so I expect bullish action above this price and bearish action below.
ZM - Focus on the MomentumLook at that long, steady rise in RSI. We'll be triple-topping soon and I don't expect it to pullback and retest after it pops above $516 - next stop 525-530. If price breaks above $530, expect price action to go full parabolic similar to September 23. Sellers will be quick to jettison the second any weakness appears on the 2-min charts. Once RSI breaks above 70 watch for increase volume from scalpers looking for a quick rise.
If you step back and look the volume profile of this stock, it's getting pretty top heavy and ripe for a major correction (5-8% in a single day). That said, short of a headline saying that a definitive covid-19 vaccine will be available shortly to all Americans, I don't see the momentum drive of this stock fading anytime soon. I suspect will breakdown to $496 again at some point and reboot consolidation between $505 and $518.
That's my short and long-term forecast. Bullish until we go butter knife parabolic. Bearish from breakdown to $496.
$ZM Long ZM, after a brutal sell off all indicators have a green light of some sort of reversal here soon also getting very close to the .618 fib GOLDEN ZONE for Wave 2(Falling Wedge){Zig Zag} that's where i see it going and goes hand in hand from the gap that didn't get full filled. After gap filled i expect a hard bounce for a potential impulsive move for a wave 1 out of 3 alt count would be a bounce for B and then coming down for the .786 fib for C overall i see a hard bounce coming soon.