ZM trade ideas
ZM $800 by OctIm very bullish on zm. looking at the weekly i think it is set to complete the abcd pattern putting it at roughly $850 around October. It also just broke out on the daily. Will it happen? i dont know.
Do you think zm is going anywhere any time soon? I dont. It has made a perfect 50%retracement from its run in Feb of 2020 to its all time high of $588. It has just filled the gapat 325 and now has the go ahead to pump again.
ZM breakout potential is real strongToday we saw ZM pick itself up from a low of 318 to break out of the channel and above 350, a key level for the ticker. It is now testing the resistance level of 354.5 for a continuation play into the 360-365 zone. Above that zone we should see a test of the 370s to attempt a breakout of the entire trend, good luck!
ZM completing WXY correction?I think Zoom is close with its long WXY correction. Resistances at $375 and $410. Rumors with S&P 500 inclusion would be the catalyst to reverse the current downtrend. Zoom almost filled the ER gap back in September. Relative volume today was high leading to signs that a impulsive wave may be ready.