1ZM trade ideas
Zoom Analysis 16.09.2021Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next days/weeks and where I would look for trading opportunities.
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ZM in limit inferior of range in DailyIn daily frame we are in the inferior limit of range (288), if we break this level next target 228
in the week frame all the components of ichimoku are down, and the chinkou can cross the cloud if he close this week under 295 ,if that we can confirm the end of Bullish trend.
the pullback is possible at this level (288) and we target the high of range (400)
BIG over reaction on Zoom EarningsBig 16% gap down on Zoom on earnings that I would think will get filled. Zoom is still making money hand over first, but just at a declining rate.
I think this drop is an over reaction. Might be a good short play in it. Might be 20% in it to close the hole.
As always keep stops handy.
Missed Opportunity$ZM fell off a Cliff today. Watched it break support but didn't hop in. Broke trend on TWO ema clouds as well smh. By far one of the best trades I didn't take recently but definitely another confidence booster. NASDAQ:ZM
Soon I'll have mastered a way to trade and work or maybe just cut out the latter.
ZM might grow backOk, I heard about ZM falling the other day and as we can see, it crashed through 3 fibonacci supports, but stopped (in the support of some months ago), losing momentum and hovering right at the same level, that could be a sign of change in the tendency (do you see all those hammers and 'T' down there?), also the indicators say it isn't falling, plus, it is soooo away from the MA(20->200) that the chances of getting back are really big (that happened with AMZN some weeks ago). I'll go long when I get a confirmation
#scenario 2 for Zoom(#2nd scenario) ---This scenario implies that this is a continued (WXYXZ) wave pattern. If this was this pattern we in my opinion would be looking at this green zone below based on the last extension from the (0-4th wave) on the last wave down at (0.382) we would land here in this zone before a strong bounce up which would be our next (C wave) before another continued down move.
As always these are my opinions. Good luck out there : )
Zoom update(Zoom Update) --- **I have not gotten into a deep dive on (Zoom) fundamentals other than the basics of knowing that they had some pretty good earnings in the pandemic and this *Quarter* just went slightly below expected and they gave no guidance, but I do know they are looking to expand beyond other things, so again this is just my technicals standpoint and not the fundamentals**
So to the basics we know that our (wave 2) was a Deep retrace and we should expect a shallow one for the (4th wave) to start the next wave structure to (Wave 5) .We also know that on a linear scale we are at the (.618 fibonacci) and on a (Logarithmic scale) we are at just above (.382) and we also know on the (Weekly,Daily) we have strong "Bullish divergence" aswell as having "Market cipher" giving us a (4hr big buy).Also we know that we are at the point of strength of volume for accumulation for a big move in a direction.Now the Risk factors if we break below *Yellow zone* we can expect more downside within the zone below.Now so far we are still playing with the volume point of strength and still patiently waiting on the next move nothing has really happened yet but a break above median of the pitchfork would be nice for a confirmation of bullish perspective, but so far we are still playing sideways as everything still leans bullish until something major changes.
Well thats the update happy trading : )
$ZM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ZM after a Negative Under reaction following its earnings release placing the stock in drift D.
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EASY GAP FILL ON $ZM!! Possible Gap Fill Monday
- Previous THU & FRI were both green days making its way into the gap
-We can see a red open if we do we shall look for a reversal
- If we open green right off the bat we know we are clear all the way until $322.84 first PT then second PT which is the top of the gap fill which is 339.37
Another leg or Sinking ship ?Another up or sinking ship?--- Zoom has more likely made a Third wave up recently here instead of a 5th, Reasons why 1: Usually when 5th ending waves arrive we see a 5 wave down not a (WXY) pattern none the less that pattern had finished off and now on the 4th wave in my opinion and 5th would be next , and so being that on the bears perspective if they make a break below the yellow bar it will likely fall and i will myself look for puts but if we break the green bar layed out calls for me would be nice and to add we also have a (Bull Rsi div on the daily) and we are also right above (Monthly fibonacci pivot S1) . Also when you see that our current bars are right on the volume point of strength (RED LINE WITH THE BLUE AND YELLOW BARS) that is a sign institutions are accumulating for a big move in either direction.
As always happy trading : )
Symmetrical Triangle Earnings 8-30 AMCEarnings today AMC.
From what I read, which was brief, ZM is supposed to beat earnings but it is the reaction to the news that can make the difference.
Risky to trade at earnings and a symmetrical triangle is neutral until a trendline is broken with a trend in the direction. ZM is sitting on the bottom of the triangle on the support line.
This could go either way. There have been some negative moving average crosses, but this can change.
No recommendation