Break-down through neckline could lead to >-50% downside. Stock is still trading on > 130X current (Fy21) no-gaap eps guidance. Don't get me wrong, It is a good company offering good product. ZM (and GSX) were the only 2 buy-and-hold stocks I suggested to my hedge fund clients in late 3Q19. From a user perspective, (I am currently a CFO at startup doing M&A),...
Zoom gona hit bottom around $240 Mid Jan based on time frame. Im not too good with fib time zones but the waves are accurate. Get puts for march
ZM 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
Bull 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.
CBOT:ZM1! Self explanatory.
My buy zone and target for $ZM (Not financial advice)
ZM - 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.
I'm not an expert by any means, but unless some news comes out supporting the prolonging of "lockdown" or "quarantine" (promoting Working from Home for longer), I see ZM taking a solid dip, if not a dive if a daily candle closes below the 10-SMA. I'm seeing this idea supported in the RSI Bearish Divergence, Descending Triangle forming, and even the MACD indicating...
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...
ZM is forming handle in the huge cup if it falls below $457 then could form double top and drops to $420 and if it dips below $400 then it signals end of rally.
ZM currently in Wave 4 of Sub Wave 3 (Wave 5) which is further divided into Wave ABC . Wave A target is $470-$460. This is just rough calculation based on support & resistance .
ZM is in bearish flag pattern which could drop to $440 which has stronger support and if it fails $420.
In this chart we see a short term, broadening pattern called the megaphone. I have found that this pattern is usually accurate in predicting breakouts/ price movements. As shown in this hourly chart, ZM has been run along the top trend line , briefly crossed above, and is now headed back to support. If I were looking for a short term trade I would wait to see if...
ZM made double top and have support at 427 & $411.
Forming H&S in lower timeframe and targeting $373-$363 by tmrw (possibly) and will rally into next week. Appreciate donations in case you get profit with this idea as I'm investing a lot of time for accuracy as best as I can. And this will be my last chart posting in trading session as I'm doing it for free. Good luck.
ZM Stock forming a bear flag and could drop to $372 which is a support and may drag more downside based on tmrw's FED announcement.
Currently 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.
$ZM peaked with $477.8 where it was done with Elliot impulse waves 1-5. Now, it's in correction Wave A to the downside. In Wave A, total 5 waves will be there and today done with Wave 1 from $477.8 to $346. Now, it'll resume Wave 2 to $461. And in case market goes red on next week due to bad news then cannot rule out that Wave 1 can extend to $300. Good luck.