When Zoom Video Communications Inc. Class A ($ZM) Moves Investors should Listen
October 31, 2023, 02:15 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for ZM
- Buy ZM slightly over 59.83 target 65.10 stop loss @ 59.66 Details
The technical summary data tells us to buy ZM near 59.83 with an upside target of 65.10. This data also tells us to set a stop loss @ 59.66 to protect against excessive loss in case the stock begins to move against the trade. 59.83 is the first level of support below 60 , and by rule, any test of support is a buy signal. In this case, support 59.83 would be being tested, so a buy signal would exist.
- Short ZM slightly under 65.10, target 59.83, stop loss @ 65.29 Details
The technical summary data is suggesting a short of ZM as it gets near 65.10 with a downside target of 59.83. We should have a stop loss in place at 65.29though. 65.10 is the first level of resistance above 60, and by rule, any test of resistance is a short signal. In this case, if resistance 65.10 is being tested, so a short signal would exist.
Swing Trading Plans for ZM
- Buy ZM slightly over 60.42, target 65.10, Stop Loss @ 60.25 Details
If 60.42 begins to break higher, the technical summary data tells us to buy ZM just slightly over 60.42, with an upside target of 65.10. The data also tells us to set a stop loss @ 60.25 in case the stock turns against the trade. 60.42 is the first level of resistance above 60, and by rule, any break above resistance is a buy signal. In this case, 60.42, 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 60.42, target 59.83, Stop Loss @ 60.59. Details
The technical summary data is suggesting a short of ZM if it tests 60.42 with a downside target of 59.83. We should have a stop loss in place at 60.59 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, 60.42, 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 60.42, target 65.10, Stop Loss @ 60.28 Details
If 60.42 begins to break higher, the technical summary data tells us to buy ZM just slightly over 60.42, with an upside target of 65.10. The data also tells us to set a stop loss @ 60.28 in case the stock turns against the trade. 60.42 is the first level of resistance above 60, and by rule, any break above resistance is a buy signal. In this case, 60.42, 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 60.42, target 59.83, Stop Loss @ 60.56. Details
The technical summary data is suggesting a short of ZM if it tests 60.42 with a downside target of 59.83. We should have a stop loss in place at 60.56 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, 60.42, 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 October 31:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
59.83 |
| P2 |
58.34 |
58.63 |
65.10 |
| P3 |
59.68 |
60.42 |
71.56 |
AI Generated Signals for ZM
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Zoom Video Communications Inc. Class A (NYSE: ZM) report below is a real world example. Included are trading plans for ZM, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for ZM:
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