Patiently waiting for a higher high with a rsi divergence and then short with 2 hands & 2 feet. No stop loss 1:1 bet !!!
Zoom will be completing Elliot Wave 5 by tomorrow bt $416-$420 and starts the ABC correction.
ZM completed Elliot Wave 1-5 and now in Wave A Correction which has 5 waves to downside before Wave B upward pullback.
Currently in Wave A Correction consists of 5 waves targeting <$300 at end of Wave A. Regarding pattern descending triangle or Head & Shoulder pattern is possible but yet to be confirmed.
Zoom will be completing Elliot Wave 5 by tomorrow bt $416-$420 and starts the ABC correction.
Seems like there is still room to hit $375 as it's in cup & handle pattern where after earnings hit $320 then pulback to $300-$285 and finally hit $375
$ZM is in Cup & Handle pattern which will hit $320 as final target after earnings and will pullback to 280-300 in couple of weeks. Make sure to sell at top $320 and buy puts.
📹 ZM ☎️ Earnings Report 8/31 Current Price @300.56 Bullish holding over @300 to push to @302.17 resistance then retest ATH @303.58. Above @303.58 I can see the next PT's @310-315+ -Support @299's -Resistance @302.17 -Resistance @303.58 On the downside, if ZM struggles to break over 303.58, expect a pullback to 295's. Supports to Watch -@295's -@290-292 -@284-286 -@277
ZM is flying high today and the hourly RSI index is full blown overbought. Additionally, it completes its 5 wave extension today. Lastly, it's running into some old resistance at 268. Looks like time for a mini-correction. Target is about 259.
Noticing a rising wedge form on ZM's 4 HR Chart as well as a loss of momentum, indicated by downward movement of the MACD. Also sitting around the .236 Fib extension level. Due for a significant downward move, most likely to the 181.47 mark that I have.
$ZM Zoom looks for a potential breakout by EOW. Cramer believes Zoom is a stock that can thrive even if the coronavirus continues to rise in states in the U.S. moving forward. My Play once we break and hold above $254.90: TP: $269 (7% leg up) - ZM call $265 7/2 @ $535 per contract or grab time... - ZM call $280 7/17 @ $620 Do not trade this, I'm...
ZM is still very much on the bullish side of the trend line and the next few days will decide if it makes or break. Watch the 244.03 mark. If it fails to break above that mark in the next few days, it's a long way down for this boy. Either way, I WILL NOT RECOMMEND to LONG ZM at this point as the risk/reward ratio not great and the p/e ratio of >1300 is just...
ZM competition increasing - FB GOOG MSFT No loyalty Mostly free users Security issues Multiple mis-representations Legal issues GL ZM -NFA
Hey everyone, here's the analysis on Zoom. If you find this insightful, please follow and like our idea, also leave a comment on ideas you would like to see next! Summary: Current price is within our resistance zone and it could drop lower to our S1 zone between 123.60 - 128.50. If price breaks below the S1 zone, it could drop further to our S2 & S3 zone. ...