Zoom seems to be bottoming outZoom seems to be bottoming out below $100, making a great buying opportunity for higher highs above entry price of $100.
Oversold stochastic
Market Exhaustion to the downside of the RSI
Bullish divergence on the weekly time frame and more.
Target Price: $163 - $277 - $400 and higher in the months and years to come.
5ZM trade ideas
Can Zoom ($ZM) still make a comeback?When COVID-19 outbreak began, everyone has to scramble to work from home using Zoom or Teams. Due to high demand, in that short period, price went skyrocketed all the way to ~575 before peaking up and after which it plunged like no tomorrow.
Price has went back to where it started and has been ranging sideway between 60-80
Can Zoom still launch another comeback, recapture at least half of the value at 180?
or even recapture one-quarter of its value at around 107?
Personally IMHO, i am prone to Bullish for next 1-2 years for Zoom
ZM-BEARISH SCENARIOZoom Video Communications (ZM) is facing tougher competition and slower growth now that the COVID-19 pandemic is over. Their success in the corporate market will determine their revenue growth and stock outlook. Zoom's stock has declined by 2% in 2023 and dropped by 63% in 2022 due to a slowdown in revenue growth.
Although Zoom reported better-than-expected earnings for the last quarter, investors are concerned about weakening trends in their enterprise business. Sales growth has been slowing for nine consecutive quarters as demand for their products decreases in the post-pandemic era.
Analysts have raised concerns about Zoom's growth in the Enterprise segment and whether their newer initiatives can have a significant impact. Microsoft's technological advancements through OpenAI pose a challenge. Zoom's stock reduction and job cuts reflect the need to adapt to the changing landscape.
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ZM: Pre-Earnings Release RunZoom is showing a pre-earnings release run up out of its extreme low, ahead of its Q1 report today. The current run's pattern is indicative of professional traders swing trading with earnings strategies; they tend to take profits on the report since they bought at the low. While revenues are likely to come in below last quarter, earnings should improve over the big loss last quarter.
The stock has probably found its final low, at long-term support from 2020. ZM outperformed during the pandemic due to huge demand that was unsustainable and time limited. So it has a lot of work to do from here; it must reinvent to offer a greatly improved service to compete with huge companies like Google, etc. which all have very similar services.
ZM: Is Zoom starting a new cycle?Zoom has broken out of a very long downward channel this week and the weekly close was pretty good. This could be the end of cycle wave 2 which came about an inch from getting invalidated. If Elliott wave principles hold then Zoom has completed a complex correction and starting cycle degree wave 3. Before getting too excited though, a full 5 waves motive followed by a 3 waves corrective price action needs to play out. Right now there should be enough momentum to get to $88 or maybe attempt to close the gap at $96.
The Zoom Chart Has To Be SeenFew charts can explain the euphoria and panic of markets more than this chart of Zoom.
We've also used Zoom at least once by now to make a voice and video call. It was the darling after the Covid lockdowns because it was leading the way for remote work.
The before and after can be easily seen just by looking at the chart. It was up 900% in a brief period of time!
Then... it dropped 90%.
The euphoria of remote work, fast growth, and easy money.
Followed by the return to normalcy and a crash of its price.
The question now is as follows: at what point is Zoom a value play? It remains the leader of video conferencing and still has a large, global customer base. They surely need to innovate and create more solutions.
Time will tell.
I have no position. Just watching the chart.
I do think a swing trade could set up as it drops even more. A quick rebound appears possible. Zoom would be foolish not to cut costs and attempt to buy some shares back down here.
Investing in Zoom stock: Will You be Profiting Long-Term?Are you on the lookout for a solid investment opportunity in the current market? Look no further than Zoom Video Communications! Although media reports or rumours about a significant change in a company’s business prospects usually cause its stock to trend and lead to an immediate price change, certain fundamental factors always drive the buy-and-hold decision.
Zoom Video Communications stock company is reacting to a very strong monthly demand level located around $70 per share. There is a lot of profit for margin for this long-term buy opportunity of Zoom Video Communications shares. There is room for this tech stock to reach $250; it will need a few months, bu