Elliott Wave Technical Analysis: Zoom Video Communications

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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.


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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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