5ZM trade ideas
Zoom Inverse Cup and handle There is an upside down cup..... and an upside down handle of a cup ....
A daily close below 375 will trigger the short trade
TD red sequentials daily and Weekly already has triggered the trade.
Why I like this idea :
- Vaccines may mean investors turn their attention away from Covid stocks and towards e.g travel, ipos,
- Downwards moving daily short & intermediate moving averages
- Downwards curving 3D 20SMA
- MACD & RSI in negative territories
- If the weekly closes below the 20SMA - great.
Risks of this trade:
-Wide Stop loss - The swing high at 478 - 20% giving an unfavourable risk rewards ratio. Can use the Blue line 50SMA as stop loss but still wide.
- If heavy Covid vaccine side effects reported - this stock will likely reverse to the upside in anticipation of prolonged Covid and uncertainties on next vaccine (less likely scenario)
ZM broom broom broom... up or down any thought?ZM broom broom broom... up or down any thought?
We're still using it all over the world.
The income was great.
Will it go to $273 or back to heavenly track?
ZM LongI'm bullish on ZM as long as it hold $380. Targeting at least $500 at the golden zone. Also see a potential IHS in play
ZM US | Potential head-shoulder topBreak-down through neckline could lead to >-50% downside.
Stock is still trading on > 130X current (Fy21) no-gaap eps guidance.
Don't get me wrong, It is a good company offering good product. ZM (and GSX) were the only 2 buy-and-hold stocks I suggested to my hedge fund clients in late 3Q19.
From a user perspective, (I am currently a CFO at startup doing M&A), most of the virtual meetings were done with ZM at the beginning and middle of the Covid pandemic. However, in the past month, virtual-meeting invites started showing "Cisco Webex", "Microsoft Team" and "Google Meet"; I actually think Google had the best quality. I am even looking into Zoho virtual meeting, which is the online accounting software we are using....can't help wonder how competitive is ZM's advantage in the long run.
let me know your thoughts.
ZM $240 PT by mid JanZoom gona hit bottom around $240 Mid Jan based on time frame. Im not too good with fib time zones but the waves are accurate.
Get puts for march
ZOOM Some pressure left before recoveringZM got rejected last week on the 1D MA50 and this is not an encouraging development. The reason is that it brings back memories of the last 1D MA50 rejection on September 06 2019. At that time, it took ZOOM three-four months before it started rising (we all know the parabolic rise more than made up for this 4 month waiting). Even the RSI is printing a similar pattern.
In my opinion in order to buy ZOOM, I want to either see the 1D MA200 being tested and hold or a weekly close above the 1D MA50. Next Target $800.
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ZM Flagging downZM is having a small bearish flag pattern within a rounding down formation. Its moving averages are acting as resistance. I'll play this to the 375 area as a target.
Zoom 30% profits, bottomed out Stochastics and 90MA Stochastics on Weekly and Monthly look bottomed out, as well as touching the moving average 90 base line on the daily chart, indicating a continuation of the bull trend.
Limit order $380 and hold for profits of 30%, then sell a portion and buy back lower.
ZM BuyExpecting a break above rectangle , sitting on a push up to the .50 of the last swing low/high. If it fails to push up I see sells below that zone.
