By
Peter Mathers
of
Trading Lounge
Wednesday, September 21, 2022 6:14 AM EST
Zoom Video Communications Inc., Elliott Wave Technical Analysis
Pixabay
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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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 trading results are no guarantee of future returns. Some investments are inherently more risky than others. At worst, you could lose your entire investment and more TradingLounge™ uses a range of technical analysis tools, such as Elliott Wave, software and basic fundamental analysis as well as economic forecasts aimed at minimising the potential for loss. The advice we provide through our TradingLounge™ websites and our TradingLounge™ Membership has been prepared without taking into account your particular objectives, financial situation or needs. Reliance on such advice, information or data is at your own risk. The decision to trade and the method of trading is for you alone to decide, tradinglounge takes no responsibility whatsoever for your trading profits or losses. This information is of a general nature only, so you should, before acting upon any of the information or advice provided by us, consider the appropriateness of the advice in light of your own objectives, financial situation or needs. Therefore, you should consult your financial advisor or accountant to determine whether trading in Indices Stocks shares Forex CFDs Options Spread Betting derivatives of any kind / products is appropriate for you in light of your financial trading circumstances.
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