ZM LongI'm bullish on ZM as long as it hold $380. Targeting at least $500 at the golden zone. Also see a potential IHS in play
Zmlong
ZM - Legging in and out of a credit spreadBreaking down my Zoom trade
- Saw it was oversold
- Sold a naked put
- Legged into a vertical spread to reduce the margin requirement
- Sold another naked put
- Leaving the trade on over the weekeend.
WHICH WAY WILL IT GO Zoom has been very low volume ever since all the vaccine news started coming out. They have earnings this Monday and if you recall last time, the earnings were exceptional. I believe earnings will still be exceptional but how will investors play this event with vaccine news & approvals coming out every week? I am still long on ZM but let me know what you think.
ZOOM should make a move next weekChart is pretty much self explanatory. We are right at the downward trend line which needs to be cleared to make a move higher or we fail at this level to trend back to recent lows. In either case, wait for a pull back to get a low risk entry. With all the new lock downs, I am leaning towards an upside break but will wait for price to dictate that entry
ZM AnalysisZM could be a fast mover bc of market volatility due to covid updates, so be catious. Wait for the market to decide the direction and ride!
Zm tends to respect levels.
Puts under 434, targets: 422.55, 396.19, 367.27
Calls over 445, targets: 476, 505.20, 539.91
$ZM #WhatsComing$ZM got crushed hard on vaccine news and finally things are unfolding where trials are not painting a greener picture.
On top of it, all companies which are announcing promising vaccine, their CEOs are selling huge lots of their stock and cashing out, which looks really -ve
$ZM should be back to 500 levels and 600 levels in coming month.
Pick some Nov 20th ZM 500 Calls @ 5
Pick some Dec 4th ZM 500 Calls @ 18
$ZM - Bull Target $532 - $536Bull Case: Double bottom
Target $532-$536
I hold $570 call for this week.
For Alerts, I charge 5-10% of your profits (I get money only if you get profits). DM me for details.
$ZM - Bull Target $536+ & Bear Target $480Bull Case: Double Bottom
Target $536+
Bear Case: Bearish Flag Pattern
Target $480
I hold $600 call for next week.
For Alerts, I charge 5-10% of your profits (I get money only if you get profits). DM me for details.
ZM LongTested the trendline multiple times. Bullish indicators. One more test of the trendline would be optimal.
A Buy at the 9 EMA? Bull flag formationNASDAQ:ZM Support at 455-460 area, this could be a good buy near the 9 EMA for a move higher. It has respected the 9 EMA in the past. I would expect this to at least test previous highs on the next leg.
ZM - $640 or $420ZM - Handle of the CUP will decide either run to $640 or dip to $420.
Please choose either of the side only after confirmation.
Good Luck.
Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?Last time when I predicted $868, I considered Wave 2 as Wave 1 due to its impulsive action. When I recounted, I realized that I counted wrongly.
You can see the sub wave count clearly for Wave 3 & Wave 5 (Maximize the chart) in the chart.
Also, ZM bounced huge at 0.382 & 0.618 Fib levels and parabolic curve topped at $529.74. 1 Week RSI & Stochastic RSI Oversold.
However, due to low selling pressure, low liquidity & higher manipulation we have to watch whether the Cup & Handle plays out or not.
Next week we'll get the confirmation.
Good Luck.
ZM - Cup with Handle Double Bottom - Target $640Tomorrow, ZM may dip to $457.5 which forms a double bottom (handle) in huge cup and hit $640 in couple of weeks (timeline is just an assumption).
ZM Huge Cup & Handle Target $630-$640ZM has completed Wave 4 of Sub Wave 3 (Wave 5) and now currently in Wave 5 of Sub Wave 3 targeting $630-$640.
There is also a possibility of retesting $459 which is unlikely to happen.
ZM - Wave 5 Not completed yet. Final Target - $868ZM still in Last Final Wave 5. It's completed two Sub Waves and currently in Sub Wave 3 of Wave 5. Final Target - $868
$ZM Target $465Currently in sub wave C of Sub Wave 1 (Wave A correction). I hope it'll form descending triangle, where the high it $465 and marked other targets and resistance. It'll do double top $465 and fall in middle of next week.
