$ZM Midday strengthwe saw a nasty drop this morning in most stocks and currently. Stocks that perform well in pandemics like $ZM and $MRNA are holding up well so far. If $ZM has a strong close expect this one to begin a strong trend to the upside.
Z1OM34 trade ideas
Zoom: Reversal at $400Zoom is already knocking on the door of $400 psychological.
Even though we have been going down pretty steep & wedgy and gave back 40% from the tops, Zoom managed to maintain the 50% Fibo Levels from the bull move up:
A break above $400 higher would lead to a more sideways consolidation from the ATH, instead of steep continuation. We can expect to run towards the upper $400 range to towads $500, so definitely a 20% profit potential from current levels.
ZOOM - The Most Detailed Video Analysis!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for ZOOM, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
ZM Wave 1 ZM finished of ABC correction with a strong impulsive breakout with great volume. I'm looking for a re-test of the trendline before a wave 3 that could potentially fill the gap above from $435-$465. A break above the $420 level will confirm a gap fill
ZM Flagging from a Falling WedgeZM has had a decent reversal from the recent pullback. It has started to flag around the area of the red trendline as well. This could be a temporary retrace for a continuation of the reversal. I will be watching to see if it can break the recent highs of the flag.
ZM Head and ShouldersHead and shoulders pattern.
1. Company issued more shares, retail investors cheered but more shares are typically bearish.
2. Post pandemic use will remain high, growth however seems to be diminishing, even with zoom phone.
Opinion: Prices will hover around the SMA50 but fail to break higher. Prices will eventually turn towards the downside.
ZM symmetrical triangle This is two hour ZM chart with supply/demand zones
Please do your own charting im new trader.
If you have some tips feel free to leave them in comments thank you.
$ZM Lowest Daily Volume in monthsSomething I have noticed going through few market leader charts is that many of them put in their lowest daily volume in months.
Zoom's daily volume on Friday for example is the lowest volume since around mid Feb 2020 (blue line on the volume bars). Zoom's Friday volume was 66% below its 50 day volume moving average which is extreme.
Volume dry up normally precede strong moves (the quite before the storm type of thing). Word of advice though, the move doesn't have to be to the upside, so traders need to continue to follow their entry rules and not jump the gun on their entries.
Again, this volume dry up is showing up on multiple market leaders that I follow. Possibly signs pointing to a strong market move soon leading to volatility expansion.
ZM 1hr ZM has been consilidating in this range and is now ready to make a move up for higher highs. PT: $414
ZOOM Analysis on 23/1/2021Bullish Opinion
If Zoom manage to find support around the area 372, most likely it will reach 455 and than only reach 600.
Bearish Opinion
However, if Zoom is unable to find support around 372, it will most likely find support around 325 - 345.
NASDAQ:ZM
My entry and target price
I have enter a small position around 350.
1st target price: 455
2nd target price: 600
* All trading ideas are not investment opinion and are for entertainment purposes only*
$ZM Early Head and Shoulders BottomZoom might be working on its right shoulder of a 2 months head and shoulders bottoming formation. Interesting one to watch.
$ZM Dont get shaken Out
Investors lose due to a lack of patience...
Stock is very bullish. broke and held above previous resistance now using it as support. A good close for the Week means $420+ next.
New entry on ZMIf you follow me would know that I have been watching ZM. I was targeting. 335/325 and made an entry in the 350 zone. I took profits at 364 and got stopped out on the remainder on the drop back to 324. I have since re-entered and now looking to add with todays look on the break of this basing pattern. Stock has some range so plan risk carefully. Hope the detail helps explain my process and trade management. Make sure to go back to my previous post to see how the plan played out.
ZM - Focus on the MomentumLook at that long, steady rise in RSI. We'll be triple-topping soon and I don't expect it to pullback and retest after it pops above $516 - next stop 525-530. If price breaks above $530, expect price action to go full parabolic similar to September 23. Sellers will be quick to jettison the second any weakness appears on the 2-min charts. Once RSI breaks above 70 watch for increase volume from scalpers looking for a quick rise.
If you step back and look the volume profile of this stock, it's getting pretty top heavy and ripe for a major correction (5-8% in a single day). That said, short of a headline saying that a definitive covid-19 vaccine will be available shortly to all Americans, I don't see the momentum drive of this stock fading anytime soon. I suspect will breakdown to $496 again at some point and reboot consolidation between $505 and $518.
That's my short and long-term forecast. Bullish until we go butter knife parabolic. Bearish from breakdown to $496.
$ZM has a high probability of move to $420Do not get shaken out $ZM has broken its downtrend area after crossing and closing above 380.
This will be the first major leg up so expect some shakeouts. When trends are confirmed they very rarely break this is the basis of TA.
$ZM is as of now bullish
$ZM struggling with fib retracement. Inverted C&H?Hello fellow traders and padawans. I did a previous analysis on ZM where I suggested it formed a rounded top (links below). Zoom reacted from the rounded top neckline and rallied a few percentage points. It is struggling with the first fib retracement level for the third consecutive day, which I have anticipated on the previous analyses (seriously, check them out). It looks now that is forming an inverted cup and handle, which is a common pattern to be formed after a rounded top. Bulkowski even suggests them as "related patterns" on his book.
Anyway, keep this on your radar. If the pattern is confirmed there may be way more downside for zoom. Also, there may be smaller patterns within the inverted C&H. Remember: large patterns tend to win most of the times.
Safe trades!
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ZM Bullish Gap FillThis is a bullish gap-fill play. ZM is showing signs of positive momentum and trend reversal.
PT 460 and possibly higher.
ZM is a popular stock that can gain traction quickly, many eyes are on this company.
Thank you for viewing have a great week!
ZM - Falling Knife or Buy?Stellar performance and a covid-19 pandemic hero, Zoom has had mind-boggling performance in 2020. However since the vaccine news are out and the world tries to return to normal the stock has lost steam.
This poses the question, is stock a story of the past or is it a buy-the-dip situation?
Well from a valuation perspective and if we believe the analyst consensus the stock should be valued at around $469 (+20%). However, a closer look at the ratios supporting this thesis I can only find very little sense of buying the stock. But this seems the case for many stocks these days. So my personal conclusion would be, this is a stock to swing trade and not for investing.
What I am looking at;
* The stock only started significantly moving in March 2020, so this is my time frame
* On this timescale the Fibonacci retracement levels (esp. 78% and 61%) have shown significance in support and resistance
* The stock is was approaching the 50% Fib levels in Jan, which coincides the gap higher following Aug 2020 earnings, and is reversing since towards the 61% level
* Price seems to have positively broken a convergence of the longer-term uptrend and the correction that started in October 2020
* MACD seems to have bottomed out showing a bullish reversal trend forming
* RSI is in the 50 levels, i.e. in neutral territory
* On the upside I see resistance around $430 (R1), $470 (R2) and $500 (R3) . Personally I believe R2 is achievable, however R3 and new all time highs won't be unless something changes materially.
I will be looking to trade the stock pre March earnings release;
Buy Limit $395
SL $370
TP $469 (Analyst est.)
***The comments above are my personal view and do not represent investment advice. Risk management is key, do not trade what you cant afford to loose***
Key level on ZMAfter Friday's trading session, ZM is now on watch for a bounce off its support zone to retest the 400 area. Breaking above that should see 410s, watching very closely this week. ZM must hold above the 380s zone to continue trending higher, good luck!
