ZM Elliot Wave Correction Wave A

Short

Zoom Video Communications, Inc. (NASDAQ:ZM)

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NASDAQ:ZM Zoom Video Communications, Inc.

trendanalysis chartpattern indicator zm zmshort

ZM completed Elliot Wave 1-5 and now in Wave A Correction which has 5 waves to downside before Wave B upward pullback.

Commento:

Elliot Wave A Correction sub Wave 3 target - $368 has been hit. Now has to pullback upside for sub Wave 4.

Commento:

Stock is oversold but the pattern is showing downtrend. Will see the price action on tomorrow.

Commento:

My bad, didn't book 200% profits due to wrong count and over confident. Looks like Wave 1 has been completed of Wave A and Wave can go upto $435.

Commento:

I'll update the chart based on monday price action.

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