Earnings today AMC.
From what I read, which was brief, ZM is supposed to beat earnings but it is the reaction to the news that can make the difference.
Risky to trade at earnings and a symmetrical triangle is neutral until a trendline is broken with a trend in the direction. ZM is sitting on the bottom of the triangle on the support line.
This could go either way. There have been some negative moving average crosses, but this can change.
No recommendation
From what I read, which was brief, ZM is supposed to beat earnings but it is the reaction to the news that can make the difference.
Risky to trade at earnings and a symmetrical triangle is neutral until a trendline is broken with a trend in the direction. ZM is sitting on the bottom of the triangle on the support line.
This could go either way. There have been some negative moving average crosses, but this can change.
No recommendation
Note
Former Parabolic Arc.The alternate bat can go down some more, possibly to the 1.13 but since this was an arc there is no way to know, but there never really is I suppose. Any pull back can end a trend. I placed .886 on the chart, but does not mean it will stop there.
Most ARCs pull back between 50 to 79% with the average falling between 62 and 79%.
Copied from earlier post for ZM: 62% is 262.20 79% is 174.75. ZM has passed the 50% mark.
A security can fall more or less than these levels. As a rule, an arc is volatile for some time to come and if the market were to flip (not saying it will), it is not super common for the same stocks to lead the next bull market.
If something I do (or buy) keeps me up at night or makes me feel sick, it is almost certainly too risky
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.