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Zoom Video Communications Inc., Elliott Wave Technical Analysis 04 April 2023

Alessio Barretta |04 Apr, 2023 | 0 Comments | Return|

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Zoom Video Communications Inc., Elliott Wave Technical Analysis 04 April 2023

4Hour

Zoom Video Communications Inc., ZM: 4-hour Chart, April 4 2023,
Zoom Video Communications Inc., Elliott Wave Technical Analysis
ZM Stock Market Analysis: We can see five waves within wave i and then a clear three wave move into ii. Looking for longs off of the end of wave iv.
ZM Elliott Wave count:  Wave  iii of (i).
ZM Technical Indicators: Below 200EMA.
ZM Trading Strategy: Looking for a pullback in wave ssiv.


Daily

Zoom Video Communications Inc., Elliott Wave Technical Analysis
Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, April 4 2023,
ZM Stock Market Analysis: We are looking at a potential major bottom. If we go on the weekly timeframe we can see we have a strong RSI bullish divergence, which could indicate an up move is imminent.
ZM Elliott Wave Count:  Wave {iii} of 1.
ZM Technical Indicators: Broke through the 20EMA.
ZM Trading Strategy: Looking for a clear five wave move to then look for upside.

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