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Zoom Video Communications Inc., Elliott Wave Technical Analysis

Zoom Video Communications Inc., (Nasdaq: ZM): Daily Chart, 4 April 2023.

ZM Stock Market Analysis: We are looking at a potential major bottom. If we go on the weekly timeframe we can see we have a strong RSI bullish divergence, which could indicate an up move is imminent.

ZM Elliott Wave Count:  Wave {iii} of 1.  

ZM Technical Indicators: Broke through the 20EMA.

ZM Trading Strategy: Looking for a clear five wave move to then look for upside.  

Analyst: Alessio Barretta

Zoom Video Communications Inc., ZM: 4-hour Chart, 4 April 2023.

Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: We can see five waves within wave i and then a clear three wave move into ii. Looking for longs off of the end of wave iv.  

ZM Elliott Wave count:  Wave iii of (i).

ZM Technical Indicators: Below 200EMA.

ZM Trading Strategy: Looking for a pullback in wave iv.

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