Elliott Wave Technical Analysis: Zoom Video Communications Inc. - Wednesday, Feb. 22
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Zoom Video Communications Inc., Elliott Wave Technical Analysis
Zoom Video Communications Inc., (Nasdaq: ZM): Daily Chart, 20 February 2023.
ZM Stock Market Analysis: Looking for a potential {i}, {ii} in place to then look for a continuation higher. We come off a five wave move to the downside so this up move could just be corrective in nature, however, there is room for a deep retracement.
ZM Elliott Wave Count: Wave {ii} of A.
ZM Technical Indicators: Below all averages.
ZM Trading Strategy: Looking for a bottom in wave {ii} to then look for longs.
TradingLounge Analyst: Alessio Barretta
Zoom Video Communications Inc., ZM: 4-hour Chart, 20 February 2023.
Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: We could continue lower into wave (c) as we just approached 0.618 (c) vs (a) and we could reach equality.
ZM Elliott Wave count: Wave (c) of {ii}.
ZM Technical Indicators: 20 and 200EMA crossing which is often time a sign of reversal.
ZM Trading Strategy: Looking for a bottom in wave {ii} to then look for longs.
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