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ZOOM COMMUNICATIONS INCZOOM COMMUNICATIONS INCZOOM COMMUNICATIONS INC

ZOOM COMMUNICATIONS INC

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ZM trade ideas

ZM: Leading diagonal in playThis is how I see Zoom Video. We have completed Wave III of the cycle from the March 2020 lows at the high ($588) and experienced a pullback in Wave IV. Wave IV pullback was completed in a WXY correction at the low of 366. From there ZM began Wave V, where price action is currently extending in a leading diagonal structure to complete Wave V. My estimated target for the Wave V high is $725, the inverse 1.618 extension of Waves III - IV. Let me know what you think guys, especially if you have experience/ expertise in Elliot Wave analysis. Thanks and Happy Holidays! My charts are created using Elliot Wave analysis in combination with fibonacci extension and retracements.
NASDAQ:ZMLong
by Hall0621
ZM LongCloser look at this stock. No SL for them, just assertion as to where price might rally. We see that price did a pullback to the down side due to economic calendar news release. Price action has created a double bottom, implying market to rally up. Price has completed the incomplete double bottom which still needs a break out from the neckline. Buy position should be taken once price comes back to retest the breakout area support with a sufficient price action rejection of the same before entering on a BUY.
NASDAQ:ZMLong
by pipzofbd
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)
NASDAQ:ZMShort
by TraderGG100
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.
NASDAQ:ZMShort
by ChartingAround