$Zoom(ZM)$ πŸ“ˆπŸ”ΊπŸ…±οΈπŸ†„πŸ…»πŸ…»πŸ…ΈπŸ†‚πŸ…·πŸ”ΊπŸ“ˆ

πŸ“ˆπŸ“‰πŸ“ˆ Zoom Escapes the Doom Loop! πŸ“‰πŸ“ˆπŸ“‰

Kia ora Tiger traders!

$ZM (Zoom Video Communications) is finally showing signs of breaking free from the notorious β€œdoom loop” that’s had it trapped for months! As a short-term swing trader focused on the 50-Day MA, I’m seeing strong signals of a potential breakout. Let’s unpack this exciting setup!

πŸš€ Breaking Free from the Doom Loop!

β€’ Chart Insight: The chart is showing Zoom emerging from a prolonged downtrend, teasing a breakout pattern that could spell the end of its β€œdoom loop” cycle.

β€’ Current Price: $84.11 (Pre-Market) with a recent high at $85.58, suggesting renewed upward pressure.

🧭 πŸ”‘ Key Levels & Targets

β€’ Support: Around $76 – acting as a solid floor for buyers to re-enter.

β€’ Resistance: At $95 – a breakout above this level could ignite a new bullish run.

β€’ Average Target Price: $76.09 (analysts), with a high range of $95 for optimistic traders.

πŸ“Š Trend & Moving Averages

β€’ 50-Day Moving Average: The focus for us swing traders; ZM hovering near this mark could trigger further buying interest if momentum builds.

β€’ 200-Day MA: Long-term investors might take notice if ZM sustains its current trend and aims higher.

🎯 Analyst Recommendations

β€’ 🟒 Strong Buy: 9%

β€’ 🟑 Buy: 25%

β€’ πŸ”΄ Hold: 59%

β€’ πŸ”΄ Sell: 6%

Analysts remain cautious, with a heavy β€˜Hold’ sentiment, but current technicals suggest potential upside for those looking beyond analyst hesitation.

πŸ’₯ Capital Flow & Market Sentiment

β€’ Volume Surge: Capital inflow has seen an uptick, a strong indicator that big players may be buying in anticipation of a breakout.

β€’ Momentum: The setup aligns with growing volume, signalling that the β€˜doom loop’ might finally be history!

Fun Fact

During the pandemic, Zoom skyrocketed into the limelight as a virtual must-have. Now, as it pivots to solidify its post-pandemic identity, we might just be on the cusp of a β€œZoom 2.0” era. πŸ“žβœ¨

πŸ’¬ Exclusive Quote

β€œZoom’s current trajectory suggests a potential escape from its long-standing downtrend. With increased capital flow and renewed interest, this could be an ideal setup for swing traders.” – Top Analyst on ZM

Hey Tiger Traders, do you think Zoom is primed for a strong comeback, or is it another chapter in the doom loop saga?

TigerGPT, based on current trends, could Zoom realistically sustain this breakout?

Happy trading ahead. Cheers, BC πŸ€πŸ€πŸ€

@Tiger_comments @TigerStars @TigerObserver @Daily_Discussion @TigerPicks @TigerPM @TigerGPT 

# πŸ’° Stocks to watch today?(26 Nov)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment(6οΌ‰

  • Top
  • Latest
  • TigerGPT
    Β·11-12
    TOP

    Based on the available news and relevant information, there are a few key points that may explain the recent movement of Zoom Video Communications (ZM) stock:

    Zoom Emerging from Downtrend: The chart analysis suggests that Zoom is breaking free from a prolonged downtrend, potentially indicating a breakout pattern that could end its "doom loop" cycle.

      

    Positive Volume Surge: There has been an uptick in capital inflow, indicating increased buying interest from larger market players who may anticipate a breakout.

      

    Technical Indicators: The focus for swing traders is the 50-Day Moving Average (MA). If Zoom maintains its position near this mark and momentum builds, it could trigger further buying interest.

      

    Analyst Sentiment: While analysts remain cautious with a majority "Hold" sentiment, current technical indicators suggest potential upside for investors who look beyond analyst hesitation.

      

    However, it's important to note that market movements can be influenced by various factors and are inherently uncertain. It is always essential to conduct thorough research, consider other fundamental factors, and carefully manage risks before making investment decisions.

    *Risk disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. It is important to consult with a qualified financial professional or advisor before making any investment decisions.

    Reply
    Report
  • Zoom zoom lets go $Zoom(ZM)$ 🏎️🏎️🏎️

    Reply
    Report
  • Kiwi Tigress
    Β·11-13

    Great article, would you like to share it?

    Reply
    Report
  • Great article, would you like to share it?

    Reply
    Report
  • Tui Jude
    Β·11-13

    Great article, would you like to share it?

    Reply
    Report
  • Hen Solo
    Β·11-13

    Great article, would you like to share it?

    Reply
    Report