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Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?
ZOOM COMMUNICATIONS INC
Is $529.74 the high for $ZM & End of Wave 5 and parabolic curve?
By Gem-Hunter
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Oct 1, 2020
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Oct 1, 2020
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.
Chart Patterns
Trend Analysis
zm
zmlong
zmshort
Gem-Hunter
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ZM - Wave 5 Not completed yet. Final Target - $868
by Gem-Hunter
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