Zoom Video Communications Inc.(ZM:NASDAQ) Elliott Wave Technical Analysis November 14 2022
Zoom Video Communications Inc., Elliott Wave Technical Analysis
Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, November 14 2022,
ZM Stock Market Analysis: Looking for a wave {iv} to be completed anytime soon. The movedown from around 86$ to 70$ is a three wave move therefore it cannot be wave {v}.
ZM Elliott Wave Count: Wave (c) of {iv}.
ZM Technical Indicators:Very far off the 200EMA and past the 38.2% fib retracement.
ZM Trading Strategy:Waiting for confirmation wave {iv} is ended. Invalidation level is at 96.4$.
TradingLounge Analyst: Alessio Barretta
Source : Tradinglounge.com get trial here!
Zoom Video Communications Inc., ZM: 4-hour Chart, November 14 2022
Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: Here’s a closer to at the subcount for wave {iv}. It appears to be aregular flat. As we stand right between the 50 and 38.2% fib retracement that’s the ideal area for awave four to end.
ZM Elliott Wave count: Wave (c) of {iv}.
ZM Technical Indicators: Close to the 200EMA and RSI is entering overbought territory.
ZM Trading Strategy:Looking for a down move to signal the beginning of wave {v} beforeconsidering shorts.
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Zoom video may be the leader in group video calls. No doubt that the application got popularity during Covid period.
But my assessment is based on technology. Is this a new technOlogy? - No
Is this a monopoly? - No
Ofcourse, there may be differences in the featurs between varioys applications. But it wont take much time for other apps to introduce a new feature thst is popular and useful.
Right now Zoom is selling on features.