Gem-Hunter

Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?

NASDAQ:ZM   Zoom Video Communications, Inc.
Last time when I predicted $868, I considered Wave 2 as Wave 1 due to its impulsive action. When I recounted, I realized that I counted wrongly.

You can see the sub wave count clearly for Wave 3 & Wave 5 (Maximize the chart) in the chart.

Also, ZM bounced huge at 0.382 & 0.618 Fib levels and parabolic curve topped at $529.74. 1 Week RSI & Stochastic RSI Oversold.

However, due to low selling pressure, low liquidity & higher manipulation we have to watch whether the Cup & Handle plays out or not.

Next week we'll get the confirmation.

Good Luck.

إخلاء المسؤولية

لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.