Back to www.cobrasmarketview.com

ZM, could be a 3 Push Up in the making

Post Reply
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

ZM, could be a 3 Push Up in the making

Post by Cobra »

ZM, could be a 3 Push Up in the making so a 2 legged pullback might be due. It's in a clear uptrend so the pullback eventually should be bought.
Attachments
1.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

Re: ZM, could be a 3 Push Up in the making

Post by Cobra »

Just a follow up, $ZM went as expected, now close enough to EMA20. Since it's the very first test in a long time so could attract some buyers, let's see. The first dashed blue line turned solid means it's fulfilled.
Attachments
zm.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

Re: ZM, could be a 3 Push Up in the making

Post by Cobra »

So far went exactly as what should happen after 3 push up. The current pullback is a little bit sharp so probably still has some rooms.
zm.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

Re: ZM, could be a 3 Push Up in the making

Post by Cobra »

$ZM as I said, still some room on the downside. Now I see volume surge, so maybe a rebound as early as tomorrow, then I'll see. I see no bottom pattern yet.
Attachments
zm.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

Re: ZM, could be a 3 Push Up in the making

Post by Cobra »

It's the very first test of the weekly EMA20 in a long time which mans after being waiting for a long time, dip buyers finally could buy $ZM with 20 weeks average price so generally should attract some buyers here, let's see.
Attachments
zm.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

Re: ZM, could be a 3 Push Up in the making

Post by Cobra »

$ZM daily looks the selling recently was sharp so the rebound might be just a temporary one though.
Attachments
zmdaily.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
User avatar
Cobra
Site Admin
Posts: 58538
Joined: Sat Feb 12, 2011 10:29 pm

Re: ZM, could be a 3 Push Up in the making

Post by Cobra »

Just a reminder not saying it'll be, it might be a double bottom here, worth watching.
Attachments
zm.png

Like to read more of my commentaries? Please subscribe my Daily Market Report.
Subscribers can find all the members only posts HERE.
StockCharts members, please vote for me HERE, thanks.
Post Reply