Zoom Video Communications, Inc. has pulled back to the strong demand level mentioned a few months ago in Set and Forget’s trading community. There was a very strong imbalance around $280 per share that was reached recently and has been playing out ever since. Zoom Video Communications (NASDAQ: ZM) is a video-first communications platform. It connects people through frictionless video, voice, chat and content sharing, and enable face-to-face video experiences for thousands of people in a single meeting across disparate devices and locations.
There was a clear long bias on Zoom Video Communications (NASDAQ:ZM). The stock provided us with a very strong monthly imbalance created around $280 per share. It’s a very strong impulse where we were interested in purchasing shares of stock of Zoom Video (ZM). The directional bias of this stock was and it is still bullish,. You can use smaller timeframes to purchase shares of this stock using supply and demand imbalances or other stock methodologies. Bullish options strategies can also be used if Zoom Video Communications implied volatility gets higher, it’s not the case right now.
Price has started to react to the strong monthly imbalance as expected. Only longs are possible. See the monthly timeframe attached below.
This trade was called a few months ago in Set and Forget’s online trading community. See the stock analysis below, this trade opportunity for Zoom Video Communications stock was called last November 9th 2020. This is the kind of trading opportunities you will have access to as a member of Set and Forget’s supply and demand trading community.
This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances on Zoom Video Communications (NASDAQ: ZM) and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.
Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind.
As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.
Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements on Zoom Video Communications (NASDAQ: ZM).
You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.
If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.
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