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

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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Disclosure: As with any trading or investment opportunity there is a risk of making losses especially in day trading or investments that Trading Lounge expresses opinions on. Note: Historical ...

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