Zoom Video Communications Inc.(ZM:NASDAQ) Elliott Wave Technical Analysis October 20 2022

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Zoom Video Communications Inc., Elliott Wave Technical Analysis

Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, October 20 2022, 

ZM Stock Market Analysis:Looking for further downside overall as there is not clear sign thetrend is up and the most recent move down from wave 4 is only a three wave move which makes itan 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 be traded, however wave {iv} could getlarger.

TradingLounge 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 labellig) or elsedouble 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.