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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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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