When the Price of (ZM) Talks, People Listen

February 18, 2024, 00:26 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ZM

• Buy ZM slightly over 61.72 target 66.93 stop loss @ 61.54 Details

The technical summary data tells us to buy ZM near 61.72 with an upside target of 66.93. This data also tells us to set a stop loss @ 61.54 to protect against excessive loss in case the stock begins to move against the trade. 61.72 is the first level of support below 62.12 , and by rule, any test of support is a buy signal. In this case, support 61.72 would be being tested, so a buy signal would exist.

• Short ZM slightly under 66.93, target 61.72, stop loss @ 67.12 Details

The technical summary data is suggesting a short of ZM as it gets near 66.93 with a downside target of 61.72. We should have a stop loss in place at 67.12though. 66.93 is the first level of resistance above 62.12, and by rule, any test of resistance is a short signal. In this case, if resistance 66.93 is being tested, so a short signal would exist.

Swing Trading Plans for ZM

• Buy ZM slightly over 63.11, target 65.07, Stop Loss @ 62.93 Details

If 63.11 begins to break higher, the technical summary data tells us to buy ZM just slightly over 63.11, with an upside target of 65.07. The data also tells us to set a stop loss @ 62.93 in case the stock turns against the trade. 63.11 is the first level of resistance above 62.12, and by rule, any break above resistance is a buy signal. In this case, 63.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ZM slightly near 63.11, target 61.72, Stop Loss @ 63.29. Details

The technical summary data is suggesting a short of ZM if it tests 63.11 with a downside target of 61.72. We should have a stop loss in place at 63.29 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 63.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for ZM

• Buy ZM slightly over 62.58, target 63.11, Stop Loss @ 62.43 Details

If 62.58 begins to break higher, the technical summary data tells us to buy ZM just slightly over 62.58, with an upside target of 63.11. The data also tells us to set a stop loss @ 62.43 in case the stock turns against the trade. 62.58 is the first level of resistance above 62.12, and by rule, any break above resistance is a buy signal. In this case, 62.58, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short ZM slightly near 62.58, target 61.72, Stop Loss @ 62.73. Details

The technical summary data is suggesting a short of ZM if it tests 62.58 with a downside target of 61.72. We should have a stop loss in place at 62.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 62.58, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Zoom Video Communications Inc. (ZM) available here: ZM.

ZM Ratings for February 18:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Neutral
P1	0	0	61.72
P2	62.58	63.11	66.93
P3	64.04	65.07	72.17

AI Generated Signals for ZM

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Zoom Video Communications Inc. (NYSE: ZM) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for ZM can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.