ZM PUTS, 2 targets: $121.87 & $114.01
ZM has recently hit all time highs @ 135.98 followed by a gradual decline to 130.55.
We see a clear divergence in trend between stock (white arrow), MACD, and RSI (red arrows).
There is an opportunity to scalp puts to 121.87, before going long to 114 (see 15M chart)
- I plan to buy ITM puts if ZM breaks and holds below 127.99 and TP profits at 40% profit or 121.87 depending on variables - volume, reversal candlestick formation, etc.
Now in regards to the analysis done on this 4HR chart, 121.87 seems to be a strong resistance-turned-support line. ZM can either bounce and reverse or break 121.87 proving a good opportunity to short the stock to 114.01.
- If ZM breaks and holds below 121.87 with volume, I could enter puts with delta of .04 and an expiration 2 weeks out.
We see a clear divergence in trend between stock (white arrow), MACD, and RSI (red arrows).
There is an opportunity to scalp puts to 121.87, before going long to 114 (see 15M chart)
- I plan to buy ITM puts if ZM breaks and holds below 127.99 and TP profits at 40% profit or 121.87 depending on variables - volume, reversal candlestick formation, etc.
Now in regards to the analysis done on this 4HR chart, 121.87 seems to be a strong resistance-turned-support line. ZM can either bounce and reverse or break 121.87 proving a good opportunity to short the stock to 114.01.
- If ZM breaks and holds below 121.87 with volume, I could enter puts with delta of .04 and an expiration 2 weeks out.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.