Thursday, October 20, 2022 6:28 AM EST
Pixabay
Zoom Video Communications Inc., (ZM): Daily Chart, October 20, 2022,
ZM Stock Market Analysis: Looking for further downside overall as there is no clear sign the trend is up and the most recent move down from wave 4 is only a three-wave move which makes it an incomplete bearish sequence.
ZM Elliott Wave count: wave {iv} of 5.
ZM Technical Indicators: We are using the 20EMA as resistance.
ZM Trading Strategy: Looking for further downside to being traded, however, wave {iv} could get larger.
Analyst: Alessio Barretta
Zoom Video Communications Inc., ZM: 4-hour Chart, October 20, 2022
Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: Looking for wave {iv} to be either completed(current labeling) or else double correction higher.
ZM Elliott Wave count: wave {iv}.
ZM Technical Indicators:20EMa acting as support.
ZM Trading Strategy: We have a clear three-wave to the upside meaning the trend is still lower, therefore we can look for shorts.
More By This Author:
Elliott Wave Technical Analysis: Intel, Oct. 19
Elliott Wave Analysis: Australian Markets
Elliott Wave Technical Analysis: Ripple, Oct. 19
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 ...
more
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.
less
How did you like this article? Let us know so we can better customize your reading experience.