5ZM trade ideas
Reverse Swing Trade for Small Profits#ZM seems to have touched its support zone between 250-60 level and seems to be reversing from here as seen on Hourly charts while Daily charts are still showing downtrend. This is a reverse swing trade to take advantage of small up swing for smaller profits and to test waters if Bulls are ready to take this stock higher or not.
Buy #ZM between 270-75 with SL 260 for targets 300-325-350 in next few days where it may get its resistance and that will be a good level to short this stock once again with good risk/reward.
For educational purpose only. All disclaimers apply.
$ZM Zoom Video Price Targets if 21ema Breaks
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
HUGE BULLISH DIVERGENCE ON ZOOM!As you can see Tech has started to rally. Zoom seems to be the only one lagging but you can see a lot of accumulation going into a major demand zone From last years huge spike.
4HR Time fram shows Bulllish divergence into major demand Zone.
Patience Pays and I am 100% expecting a huge run from zoom going into the end of the month. Option IV is dirt cheap, this will be the next big play. I trade the naked chart just using supply and demand zones.
2 years if experience in the market. I believe tops and bottom are shown by divergences. Not Rand candles and Elliot/Fibs counts
AB = CDAnd it does equal for now. But CD can be an extension of the AB leg which would take price lower.
IvanHoe, Lancelot and William Tell, Do they envy me? Probably not
Worth watching though..LOL
Possible stop under last leg down Perhaps/well for sure/Look for a bottom consolidation before entering or a retest of the low
No recommendation//iffy/just watching
Until the 20/blue/ turns up I am just keeping an eye on this. Before i enter a bottom I like to see this SMA doing something magnificent (o:
ZM- Falling Wedge- Make or BreakZM- just broke below aVWAP from IPO- things are going to get unruly here if it can't break above the resistance of the wedge- I'd previously thought 265 would be sufficient, and while encouraging for bulls, I think we need 268 for even more conviction at this point. Breakdown out of this pattern and a complete freefall ensues- 252- 250-- 242. This is going to give us an explosive move either way, and I refuse to take my eyes off it.
Zoom Video Communications IncWednesday, 29 September 2021
23:19 PM (WIB)
Zoom keep falling after created double top, and has been tested all around of Fibonacci. From 0 F to 0.786 F. One thing that yet is 1 F or $230. I thing this falling downtrend directing to this point as strong support. After reach the lowest support, the price should move upside into key level resistance at 0.5 F or $400. Keep watch and notes.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"