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22Feb

Zoom Video Communications Inc., Elliott Wave Technical Analysis 22 February 2023

Alessio Barretta |22 Feb, 2023 | 0 Comments | Return|

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Zoom Video Communications Inc., Elliott Wave Technical Analysis 22 February 2023

4Hour

Zoom Video Communications Inc., ZM: 4-hour Chart, February 22 2023,
Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: We could continue lower into wave (c) as we just approached the 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.


Daily

Zoom Video Communications Inc., Elliott Wave Technical Analysis
Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, February 22 2023,
ZM Stock Market Analysis: Looking for a potential {i}, {ii} in place to then look for continuation higher. We come off a five wave move to the downside so this upmove 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.

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