Look for a fast move up outside the BBands for LONGLook for a fast move up outside the BBands for LONG And scale out as the price crosses back into the inside if the bands.
ZOOM
Zoom - R1, Easy 👍-With Zoom's stock spiking recently, it's clear that investors are once again positive about the company's future. And with some areas around the world still at the beginning stages of a COVID-19 vaccine rollout, it's possible that demand for Zoom's video services could continue for quite some time.
-For example, Sydney, Australia entered a temporary lockdown recently, and only 4% of the country is fully vaccinated.
LAZR - Breaking the Bear Trend?Potential reversal setup forming in LAZR. We have a small bull flag within a larger bear flag, so I still feel that it will break to the downside, unless we keep getting heavy inflows into tech. Volume looks really good, with lower volume on red days and higher volume on green days. 20 day avg. volume is also increasing.
With a bounce on the lower orange trendline, I'd say now is the time to enter, as you can have a tight stop below the trendline and the 20 SMA. Normally I like to wait for confirmation of the break of the bull flag, but in this case I would probably just play the third retest of the top of the bull flag. Once it breaks out of this bull flag, there will be very little upside left, considering the massive strength of the 26.40 resistance level.
Only small positions only for this play, hoping to make 20% on a monthly call option. Manage your risk.
Zoom Ready to Zoom?!?Zoom has a huge falling wedge pattern here and could finally be on the bring of breaking out! Keep an eye on it. I will be looking to enter some $380 or $400 Call swings when the pattern looks to be breaking out.
Conversely if we break down puts would be a great play under $325.
*typo white arrow is pointing to a LVN (white box), price action tends to move quickly through areas of low volume
Where will it Zoom to?Next upside target is 383. Once it close above it, can zoom all the way to 438! Must hold 358 or at last 347 support levels. Close below 345, more downside.
PYPL to 270?PYPL is looking good. Today it bounced off of support despite gapping down. It was brought to my attention after seeing many large call option blocks come in ahead of earnings. If we get a bounce tomorrow, there may be a lot of money in store. It's near the bottom of its range of the flag, so now is a great entry point. In the most bullish case, I could see it hitting that 278 resistance at the most.
However, in the bear case, we could see more downside to around 255 support. We also opened below the 20 SMA today and got rejected hard by it. Indices are also not looking great recently.
What do you think?
XOM is going to XOOM (along with the entire sector)Oil plays are set up right now. Beautiful cup and handles. Bounces off the trendline and just launched off the 20 SMA. Lot's of resistance ahead, watch for a volume spike to get through. Give it some time. (3 months). Oil go Xoom.
On Zoom, the Corrective Pattern is absolutely finished We have been watching closely zoom for the last weeks looking for the breakout of the massive corrective pattern we are observing right now. After 225 days, the price has tested both sides of the structure, mainly the lower zone. Based on that, we are getting ready for the breakout.
Generally speaking, it is not a good idea to trade a direct breakout of these massive structures. The main reason is that fake-outs are common, and if you are a breakout trader, one of your objectives is to avoid low-quality scenarios as much as you can. For that reason, we have defined a bullish scenario we will be waiting for.
Bullish Scenario: If we observe a breakout of the corrective pattern, we will be waiting for a retest of the broken structure or the resistance level. The formation we want to see must be formed at least for 5 daily candlesticks. Finally, we will trade, as you can see on the EXPLANATION chart. From there, we can aim at two targets, first the next resistance zone and second the previous ATH zone.
Expected Time: If everything goes as expected, we may see a 20 days movement towards the first resistance zone and 50 days towards the new ATH (take these two numbers as approximations)
Bearish Scenario: If the price cannot break the corrective pattern and the resistance zone, we may see a bearish movement towards the next support zone, around 250 - 240. We are not interested in developing any short setups here.
Thanks for reading; feel free to share your view or trading plan in the comments!
ZM - GREAT Short Opportunity, IF ... !!Hello! Friends,
- This would be a great short Opportunity, IF NASDAQ:ZM breaks down the Daily Support line at $317 (with a WHOLE DAILY Candle) !!
Trading map for ZOOM / Our filters to develop setups.Today we will speak about the exact situation we are waiting for before developing bullish setups on ZOOM.
Our trading philosophy is: Define the future situation you consider worth trading. Wait until that happens. Trade or Cancel the setup.
What are we waiting for on ZOOM?
1)Wait for the breakout:
We want to observe a clear bullish movement that breaks the current consolidation defined with the two yellow lines.
2)Wait for 5 - 10 days corrective pattern:
After the breakout, we want to observe sideways movements on the edge or above the broken structure (yellow lines) with a duration between 5 to 10 days
3) Look for a 1:4 risk-reward ratio setup:
Suppose the breakout and the sideways movement happens. We will be ready to trade that pattern. We want to be able to catch a 1 to 4 risk reward ratio setup AT LEAST. Why? Because that means that we are risking 1 dollar to make 4 dollars, and if we are right only 40% of the time on this setup, we are still extremely profitable. Also, once you have a clear breakout of a corrective pattern of this size, you tend to see bullish movements with similar proportions to the consolidation.
Thanks for reading; we hope this content was useful!
Zooming downwardsLooks like a death cross has formed on the daily chart for zoom. I’ve initiated a short position. Good luck to all.!
Zoom Still has room down [UPDATE]Update from previous post. Previous post still has updates too.
Check my post in the related idea section of this post. Go back and check those out.
ZOOM (ZM)| Approaching The Buying Area!Hi,
The price of the well-known video communication software ZOOM has started to approach quite a solid buying area, at least from a short-term perspective.
Long story short, technically, the good buying area stays between $240 to $302 and the criteria are:
1) $300 the mid-round number acting as a support
2) Small resistance level in 2020 become support
3) 2x Equal Waves ending points are in the marked green buying box to add strength in there
4) 50% fall from the ATH (all-time high)
5) Minor lower trendline third touch
6) Fibo retracement 62%
These are the major criteria for this current rejection area, do your own fundamental research and if this matches with my technical analysis then you are ready to go.
The first target stays around $400 ~30-40%
The second one will be the current ATH ~100%
Stay healthy,
Vaido
Zoom - key support - in 3Dthe very idea of an interest rate above zero, at some point in the future, sends NAS into a spin. Market bear flag...
EW Analysis: ZOOM Is Looking For A Deeper CorrectionHello traders and investors!
Today we will talk about Zoom, its price action from a technical point of view and wave structure from Elliott Wave perspective.
Zoom made a massive rise in 2020 as it was and it's still very useful app for video communications.
However, nothing goes in straight lines, so we see it as a completed wave 3 and since October 2020, we can see Zoom trading in a bigger, higher degree a-b-c corrective decline within wave 4, which seems to be unfinished after recent sideways price action and corrective wave structure, ideally a running triangle pattern within wave "b".
Well, with current strong decline, it looks like wave "c" is now in progress that can push the price even down to 280 - 230 support zone before we may see a bullish continuation back to highs within wave 5.
All the best!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
ZOOM- Bull Flag! 🐂After rising tremendous rates during the pandemic, Zoom got into a Cool-Down period.
Now that the bull flag was completed it is set again for a good rise!
Fundamentals:
Income statement: 2018-2019 --> +298.43% increase
2019-2020 --> +233.66% increase
Cash Flow: 2018 -2019 --> +164.24% increase
2019-2020 --> +195.90% increase
Big investors are keeping a HOLD opinion on this boy, while the street seems to catch-up on the Bull Flag.
Entry Point: In the short/Mid-term with the currently completed bull-flag we are keeping a BUY on Zoom. Long-term definitely a buy as well.
Also, the earnings are coming up next month on 03/01/2021 which will add some volume to the stock as well!
ZM/Zoom RISKY areaAs you can see ZM is in a risky criteria at the moment but I believe if it breaks the FIB RET 0.382, it can climb to around 500$
Zoom Video Communications Is BullishIf the pattern is confirmed to be an expanded flat then we will see the price head to $588 in the coming days. There is also a possibility of price breaking the last low at point c first before heading north, that's how this pattern sometimes behaves. Don't miss this. Like and share this chart with all your friends so they can benefit from this analysis. Thank you.
$ZM/Zoom Wedge brokenWe see a demand base at $345-$280 blocking the price to drop as a result of the falling wedge caused by the Q3-4 transition.
After the stock jumps above the wedge (breaking the trend, see red circle), we see it respecting & hovering around the 382 support established and respected at the following dates (10th December '20, 16th November '20, 10th November '20, 10th September '20, and the 11th September '20) - the price adjusts above and below the support, before starting to push upwards - showing that it *is* being used as a support and not a resistance level.
I can see the stock reaching (at least) the dotted blue line as it was used as a resistance in September and December '20 but was also used as a support back in late September and early October '20.
