When the Price of Zoom Video Communications Inc. Class A ZM Talks, People Listen

February 03, 2023, 00:00 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for ZM

• Buy ZM slightly over 62.08 target 89.81 stop loss @ 61.9 Details

The technical summary data tells us to buy ZM near 62.08 with an upside target of 89.81. This data also tells us to set a stop loss @ 61.9 to protect against excessive loss in case the stock begins to move against the trade. 62.08 is the first level of support below 82.84 , and by rule, any test of support is a buy signal. In this case, support 62.08 is being tested, a buy signal would exist.

• Short ZM slightly under 89.81, target 62.08, stop loss @ 90.07 Details

The technical summary data is suggesting a short of ZM as it gets near 89.81 with a downside target of 62.08. We should have a stop loss in place at 90.07though. 89.81 is the first level of resistance above 82.84, and by rule, any test of resistance is a short signal. In this case, if resistance 89.81 is being tested, a short signal would exist.

Swing Trading Plans for ZM

• Buy ZM slightly over 89.81, target n/a, Stop Loss @ 89.55 Details

If 89.81 begins to break higher, the technical summary data tells us to buy ZM just slightly over 89.81, with an upside target of n/a. The data also tells us to set a stop loss @ 89.55 in case the stock turns against the trade. 89.81 is the first level of resistance above 82.84, and by rule, any break above resistance is a buy signal. In this case, 89.81, 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 89.81, target 79.39, Stop Loss @ 90.07. Details

The technical summary data is suggesting a short of ZM if it tests 89.81 with a downside target of 79.39. We should have a stop loss in place at 90.07 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, 89.81, 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 89.81, target n/a, Stop Loss @ 89.6 Details

If 89.81 begins to break higher, the technical summary data tells us to buy ZM just slightly over 89.81, with an upside target of n/a. The data also tells us to set a stop loss @ 89.6 in case the stock turns against the trade. 89.81 is the first level of resistance above 82.84, and by rule, any break above resistance is a buy signal. In this case, 89.81, 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 89.81, target 81.10, Stop Loss @ 90.02. Details

The technical summary data is suggesting a short of ZM if it tests 89.81 with a downside target of 81.10. We should have a stop loss in place at 90.02 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, 89.81, 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. Class A (ZM) available here: ZM.

ZM Ratings for February 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	35.75
P2	77.22	73.89	62.08
P3	81.10	79.39	89.81

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. Class A (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.