Zoom Video Communications Inc., Elliott Wave Technical Analysis Zoom Video Communications Inc., (ZM:NASDAQ): Daily Chart, October 20 2022, ZM Stock Market Analysis:Looking for further downside overall as there is not clear sign thetrend is up and the most recent move down from wave 4 is only a three wave move which makes itan incomplete bearish sequence. ZM Elliott Wave count: wave {iv} of 5. ZM Technical Indicators:We are using the 20EMA as resistance. ZM Trading Strategy: Looking for further downside to be traded, however wave {iv} could getlarger. TradingLounge Analyst: Alessio Barretta Source Tradingelounge.com get trial here! Zoom Video Communications Inc., ZM: 4-hour Chart, October 20 2022 Zoom Video Communications Inc., Elliott Wave Technical Analysis ZM Stock Market Anal
With many of the world’s major central banks rapidly raising interest rates, the major U.S. stock indexes fell for the fifth time in six weeks to levels near year-to-date lows. The latest losses of around 4% to 5% were similar in scale to the previous week’s steep declines.As of last Friday,$DJIA(.DJI)$ YTD is -17.3%, $NASDAQ(.IXIC)$ YTD is -30.1%, $S&P 500(.SPX)$ YTD is -21.6%. $Straits Times Index(STI.SI)$ and $S&P/ASX 200(XJO.AU)$