Elliott Wave Technical Analysis: Zoom Video Communications Inc., Sept. 21

Zoom's RSI is forming bullish divergence and we could most likely find resistance on the touch of the moving averages.

Zoom Video Communications Inc., Elliott Wave Technical Analysis

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Zoom Video Communications Inc.,(ZM): Daily Chart, September 21 2022, 
ZM Stock Market Analysis:I am looking for a pullback to come soon, as you can see we are forming RSI divergence.

ZM Elliott Wave count:  {iii} of 5

ZM Trading Strategy: Looking for a bounce in wave {iv} to then place shorts

ZM Technical Indicators: The RSI is forming bullish divergence and we could most likely find resistance on the touch of the moving averages.

TradingLounge Analyst: Alessio Barretta

Zoom Video Communications Inc., ZM: 4-hour Chart, September 21 2022

Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: Wave {iii} has reached 1.618 {iii} vs {i} which could be the reason why we are starting to get resistance.

ZM Elliott Wave count:  (v) of {iii}.

ZM Technical Indicators: We are below all averages. ZM Trading Strategy: For day trading you could even look at a pullback higher and buy the move

higher once the trend has clearly shifted.


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