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Zoom Video Communications Inc.(ZM:NASDAQ) Elliott Wave Technical Analysis 4 April 23


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Zoom Video Communications Inc., Elliott Wave Technical Analysis
 
Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, 4 April 23,
 
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.  
TradingLounge Analyst: Alessio Barretta
 
ZM_4_4.png.b4f732dd28da8cc4e5e933b04d95f414.png

 
Zoom Video Communications Inc., ZM: 4-hour Chart, 4 April 23,
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.
ZM_4H.png.2714686147b12dd0a920c87b420d18e5.png
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