Zoom Video Communications, Inc.Friday, 20 August 2021
6:04 AM (WIB)
Zoom will fall from 0.382 F into the base ground support area. There is still about 16% drop.
After that Zoom will start to move upside with possibility 80% of ROI from ground support.
Keep watch intense and keep notes.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
ZOOM trade ideas
Zoom Analysis 18.08.2021Hello Traders, here is a full analysis for this asset. The entry will be taken only, if all rules of your trading plan are satisfied.
Therefore I suggest you keep this pair on your watchlist and see if all of your rules are satisfied.
Leave your thoughts in the comment section, I will reply to every single one of them.
P.S. Tell me which asset you want me to break down next and I will cover it in my next analysis
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Zoom Trading in a Symmetrical TriangleZoom is Trading in a symmetrical triangle currently. It just bounced at a support level and is likely on its way back up to resistance. Watch out for earnings later this month as this could cause a false breakout in either direction. Short term long swing trade currently...
ZOOM VIDEO FLAG AND POLE Hello All
Hope the last trading week was in the green for all of you.
Back with a flag and pole on a daily and weekly time frame on ZM (this chart is on a daily).
Good entry point if the daily takes support of the trend line and closes above the previous low.
Stop loss just below the support trend line of the flag ( see red horizontal line ) .
My entry is at the yellow horizontal line.
Risk management rules fit well to a 2% rule if you start with a small to medium position for now.
Can always pyramid on more while the stock is on its way up after a breakout of the resistence trend line of the flag with zero risk. ( stop loss = entry point ) or even add a trailing safe zone stop loss for profit taking.
The target beautifully meets the previous resistence as you can see in the picture ( marked green horizontal line ).
If you like the idea and would want more of such entries and exit ideas , please leave a like and a comment.
Your support is greatly appreciated.
Happy Trading
ZM: Next Target $405 And Higher...On the daily chart , ZOOM looks very bullish . After the price was corrected we can clearly see a break out from a falling wedge pattern. Anyway, this is only the daily chart development and we have also to anticipate potential corrections along with the upward movement. A potential scenario that I am looking at, is that the price may complete a type of bullish triangle before moving higher again. The second scenario is that the price may retest the low again up to the previous major support zone near $283.
If the price break above $406 without completed any of these two scenarios we may see it move higher directed to our targets of $444 and $570.
Thank you and Good Luck!
ZMZM failed at 400 last week and back-tested 390, 380. If ZM holds at the 380 level, I wouldn't consider buying calls until it breaks 400-410.
Around 390 it's best as a quick day trade, for now it is just in a range and an average trade.
Once it gets a strong close around or at the 410 level, from there it could test 424, 440.
IT IS IMPORTANT TO NOTE that on the daily chart ZM formed a golden-cross, when the 50 EMA crosses over the 200 EMA, which is a bullish indicator in itself.
Bull FlagEarnings are 8-30 AMC. It is not unusual as of late to see pull backs when earnings get closer. And it is difficult to predict market reaction these days.
Hard one as I suppose a lot depends on the Political Flu, mandates and how much the administration and the media decides to scare folks this go around.
Would be a risky choice but the flag is there. Long term moving average, the 200 is sloping down but moving averages change just like any other indicator. The 50 SMA is sloping up and has crossed up and through the 100. The 100 looks to be trying to slope up. Price is above all 3 moving averages but the 50 should be on top and not the 200. It appears the 50 has provided support for ZM before it's recent pop to the upside.
A flag begins with a steep move up for a bull flag and a steep move down for a bear flag. A pull back ensues forming a downward channel. Long entry is considered a break of the trendline in the direction of the pole. High and tight flags often perform best. A flag needs to be a length that the pole can support.
No recommendation.
It is not always about being right or wrong. Trading is about how much you make when you are right and how much you lose when you are wrong. (o: