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Zoom Video Communications Inc.(ZM:NASDAQ) Elliott Wave Technical Analysis November 14 2022


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Zoom Video Communications Inc., Elliott Wave Technical Analysis

Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, November 14 2022, 

ZM Stock Market Analysis: Looking for a wave {iv} to be completed anytime soon. The movedown from around 86$ to 70$ is a three wave move therefore it cannot be wave {v}.

ZM Elliott Wave Count: Wave (c) of {iv}.

ZM Technical Indicators:Very far off the 200EMA and past the 38.2% fib retracement.

ZM Trading Strategy:Waiting for confirmation wave {iv} is ended. Invalidation level is at 96.4$.

TradingLounge Analyst: Alessio Barretta

 

ZM_11_14.png.6788272e8801096e965bf2e694604eb1.png

 

 

 

Zoom Video Communications Inc., ZM: 4-hour Chart, November 14 2022

Zoom Video Communications Inc., Elliott Wave Technical Analysis

ZM Stock Market Analysis: Here’s a closer to at the subcount for wave {iv}. It appears to be aregular flat. As we stand right between the 50 and 38.2% fib retracement that’s the ideal area for awave four to end.

ZM Elliott Wave count: Wave (c) of {iv}.

ZM Technical Indicators: Close to the 200EMA and RSI is entering overbought territory.

ZM Trading Strategy:Looking for a down move to signal the beginning of wave {v} beforeconsidering shorts.

ZM_4H.png.a3b1f1be7c2fd6b0db35717026ea26ed.png

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