ZM trade ideas
ZM Gapped Up Into the Supply Level of $332 - Sell It-Earnings6/1Cathy back to her shannigans.
(Opinion Only)
Strong Resistance Here at the $330 Level - Earnings Tuesday Bias is to the downside, but be flexible.
P/E = 140+
Guidance will be key on earnings.
Will be difficult with rising rates.
Covid winner - So I'm a seller..
Longterm Resistance Level Here - Seller Ahead of EarningsCathy will likely be a seller here among anyone else smart..
(Opinion Only)
Cathy Strikes Again - Sells Bags to Retail after Pre-Market PumpSame tactics in every stock she owns. Careful on this one ahead of earnings next week.
I'm a seller here.
(Opinion only)
$ZM Trade Idea$ZM Trade Idea
Entry: 325
Strike: 5/28 330c
Targets: 335, 339, 345
Support: 313, 308, 300, 293
@TradingView @KyleTrades86
Breaking ResistanceIt is interesting to see if ZM can break Fib 4.23 at 312, following breaking the Magenta gradient. If it's strong enough, it will go higher.
$ZM – Needs to Find Support$ZM seems to be in no-mans-land at the moment. It’s fallen below the 200 day EMA, it’s in between vol profiles and the trend line and fib .618 are indicating a further decent. While technical and oscillators are also bearish the falling wedge is positive and ARK is buying. Keeping an eye out for a good entry point.
NASDAQ:ZM
A Leader in the 2020 for Meeting SolutionGartner, the world’s leading information technology research and advisory firm, has positioned Zoom in the Leaders Quadrant of the 2020 Magic Quadrant for Meeting Solutions.
ZM BUY OR LONG , TARGET $500 , $600ZM It's time for us to acquire this wonderful company, initial target of $500, then update to a higher target (maybe $600) , the
pattern right now is " SHS PATTERN " , #SHSPATTERN.
More Potential downside for zoom and other tech stocks?Coming further down with news over inflation. We may see a small bounce tomorrow, but overall more downside especially for next week more than likely. It wouldn't necessarily be a crash, but it would be a large correction, especially for the tech sector and the spy.
HopeBullish Engulfing candle with good volumes can raise our hopes that this might be it. But before we make any conclusions, lets see how this trade for rest of the week.
$ZM 30m bounce trendline(see lnkd chrt)$ZM 30 min bounce from my trendline(see linked chart from past)
ZM - Bullish only if can go above 340ZM - This wave 4 correction I talked about a few months ago turned into a combination it seems and reached equality of wave W vs Y.
Price also bounced off the anchored VWAP from the wave 2 low.
But I don't recommend blindly buying right now, unless using tight stops of course, but rather wait for a confirmation that price really wants to turn first.
Zoom Inc. (ZM) - LONG - Enjoy the fifth wave rally !!The 3rd wave has retraced so far below the 0.5 level i.e. 323.91 and is expected to retrace till 0.618 level of Fibo i.e. 261.74, completing the fourth wave.
The position could be squared off at around1.618 level of Fibo i.e. 915.21.
Enjoy the fifth wave rally !!
