ZOOM trade ideas
Zoom Zoom Zoom, Are you Ready?Daily chart has been on a slight downtrend which on the higher time frame (Weekly Chart) shows a slight consolidation cycle into the higher time frame. Price action has reverted back to its mean on the Daily which is the 150 SMA, which reflects the higher time frame middle BB. Weekly chart still in tact as far as an uptrend, daily chart has broken out of its consolidation cycle and beginning to set up for another leg up.
For ZM Bull: We need to hold the line at $486 to take overZM needs to pass $433 first and stay strong above $475 then we will see ZM going to pass ATH
Just a quick ideaRight now would be a good entry point, since this is the new way companies and businesses are communicating with their employees this might be a good long term investment
Dunno May be Close to Landing PadWeekly chart. Weekly charts often show you the true angle of the run up (or monthly)
If this is a parabolic arc pattern, most pull back 50% to 62% during correction mode, or somewhere in between as well. It is possible to fall back deeper. Arc patterns do not usually "Blast off" when they hit their level either as other stocks hit a sweet spot and Boom, off they go. Patience would be required perhaps as zoom had a steep rise up..
If this is an arc pattern, there can be volatility for an extended amount of time..
Just an observation and not a recommendation
Watching for continuationWe caught some great lottos on Friday, tomorrow watch where this opens, if it gaps up to trendline watch for pullback to yesterdays HOD or 409. From there I think it will try and test that trendline.
Bullish on ZM target 600-700 by March-AprilMid-term target 600-700 on ZM
Short term target for February 460-480
Key pivot: 420
Targets above 420 are 434, 450, 460, 480
This monster is about to wake up.
Broke out of a flag Friday, we either see continuation Monday or a pullback to retest the breakout.
Zoom Breaking out of downward channelI'm a noob and would like some feed back on this daily chart set-up and analysis. To me looks it like zm has broken out its downward channel since october highs, broken a little resistance at $400 and has momentum going into earnings on 3/1/21, possible entry on the next pullback? Feed back and criticism would be greatly appreciated. Thank you.
ZM - February 6, 2021ZM has finally broken the long downtrend put in from October with volume. After a touch of the 200 day EMA, ZM can continue higher on a strong trend to test ATH in the coming months. Earnings are expected to be in early March which can act as a catalyst for pushing the stock higher.
ZM Weekly cross 3&8 EMA but this time the Fisher is Positive Looking at side way consolidation to be over
here are my minimum prerequisite on a weekly chart
Fisher transform Positive
3&8 ema + on Weekly
3&8 ema + on 3 Days
8&34 ema + on 178 MIN
Some basic E.W. to match
Weekly pivot respected
Wrong analysis if break 395 again in my books
