Zoom approaching all time lows.Zoom - 30d expiry - We look to Sell a break of 68.68 (stop at 71.71)
Trades at the lowest level in 34months.
Price action continues to trade around the all-time lows.
We are trading at oversold extremes.
This stock fell 3 % last week.
Short term momentum is bearish.
A break of the recent low at 68.88 should result in a further move lower.
The bias is to break to the downside.
Our profit targets will be 61.11 and 60.11
Resistance: 73.00 / 77.30 / 80.00
Support: 68.88 / 65.00 / 62.00
Disclaimer – Saxo Bank Group.
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ZMD trade ideas
ZM ( ZOOM VIDEO ) LONG 4H ( 11.23.2022)Cut its annual revenue forecast, hurt by inflation dampening the spending power of customers and by people using online video-conferencing less with the easing of pandemic restrictions. Zoom chief financial officer Kelly Steckelberg said during a post-earnings call that the company’s online business would decline nearly 8% during the year. The stock has fallen more than 60% this year, the company said it now expects annual revenue to be between $4.37 billion and $4.38 billion, compared with an earlier outlook of $4.39 billion and $4.40 billion. The company, however, raised its annual adjusted profit per share to between $3.91 and $3.94, compared with $3.66 to $3.69 forecast earlier. Revenue for the third quarter ended Oct. 31 rose 5% to $1.1 billion, on the back of a 20% increase from high-paying enterprise customers.
ZM Zoom Video Communications Options Ahead Of EarningsIf you missed my other calls on ZM:
Then you should know that looking at the ZM Zoom Video Communications options chain ahead of earnings , i would buy the $75 strike price Puts with
2022-11-25 expiration date for about
$2.80 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
ZM LongDaily RSI divergence
Wedge breakout , Trendline Break
Earning 11/22/2022 Est. 0.83
Entry 86
Stop 70
Target 120
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.
Why ZM Zoom Video could go higher by Friday!! ZM Zoom Video reached our Buy Area:
As you can see in the chart, Zoom Video Communications, Inc. (ZM) reached our price target!
Friday, before the close, at 16:29:37 someone bought 20300 ZM shares at $72.29 for about $1.5Mil.
But that`s not all!
Also before the bell i saw 9K calls worth $1.4Mil, with the following characteristics:
2022-10-21 expiration date (this Friday!)
$73.10 entry price
$75 strike price
$1.55 premium paid.
In order not to expire worthless, the shock should reach $76.55!
The stock was $72.29 at the close and i think it is primed for a comeback!
ZM Zoom Video is the 2nd biggest holding of Ark Invest with $1.03Bil invested their average entry price being $274.87! the stock is now only $72.29.
ZM stock lost 87.85% from its all time high. I think this could be The bottom.
On 8/23/2022 The Goldman Sachs Group set a Price Target of $122.00 for ZM Zoom Video.
My short term Price Target is the $106 resistance.
Looking forward to read your opinion about it.
Zoom #zm #zoom $zoom $zm update Let's take a look at Zoom since its IPO in 2019.
I think that Zoom could be another one of these stocks that is moving so much more like Risk and crypto that there is a good chance it finds its own base and bottom before much of the rest of the overall stock market etc.
I think that these current levels are becoming quite attractive even for swing trades over the next few weeks/months. but even more so for anyone looking to park some $ for the next 12-36 months, or more.
I feel that Zoom was not just a Temp. useful play during lockdowns and covid19. I think that Zoom will continue to grow and gain adoption. I think that Zoom still has a bright future and has opportunities to even evolve and become something more then it currently is.
If you would like More zoom updates, please feel free to let me know in the comments and what your timeline is like, and I'll do my best to try and help deliver added insight.
ZOOM WIPED 95% OF GAINS HAPPENED SINCE PANDEMIC. MORE DOWNSIDE!!Check out the trade plan for ZM today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Zoom has broken important support formed at $85. More importantly, we have seen 95% of gains happen since the pandemic has got wiped off completely by now. Still, the bearish trend remains strong and possibly we may see the major support formed close to $63 once again. At the moment we have seen some bullish activity where the price is about to revisit the broken supported area.
Positive Divergences: NVDA, SYNH, ZMPositive Divergences are developing in many stocks as they reach strong support levels.
NVDA, SYNH and ZM are examples that showed signs of the run down ending as volume indicators diverged upward against the decline. This is an early buy to cover signal for short positions.
ZM | ShortNASDAQ:ZM
Possible Scenario: SHORT
Evidence: Bearish Price Action, Bearish Channel Breakout, Bearish Divergence, Moderna Vaccine, Official Election results
TP1: ~381 TP2:~348
This is my idea and could be wrong 100%.
*I'm a day-trader, so this idea is valid for few days, long term I'm bullish on this stock.
ZM ShortDowntrend
Next Earning 7/1/2022 Estimate 0.88 (Feb Earning 1.29)
Short 85
Stop 100
Target 60 (weekly support line)
Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.