"When two completely different technical approaches point to the same setup, that's not a coincidence." Nate Bear, Lead Technical Tactician, Monument Traders Alliance I don't often agree with other traders on specific setups. We all have our own methods, our own indicators, our own way of reading the charts. But when Jon Najarian and I both land on the same bullish play? That's when you know something big might be brewing. And right now, we're both eyeing Zoom Communications (ZM). Why This Caught My Eye Look, if you traded during COVID, you remember what Zoom could do. While most of the market was melting down, ZM was ripping higher. It was one of those once-in-a-lifetime situations where the world literally couldn't function without this company's product. Now, I'm not saying we're heading back to lockdowns. But I am saying this weekly chart is setting up beautifully, and my TPS method is lighting up like a Christmas tree. The Technical Setup That Has Me Excited Here's what I'm seeing on the weekly timeframe: - Trend: Stacked EMAs (8, 21, 55) in bullish formation ✓
- Pattern: Massive flag breaking out of a multi-month base ✓
- Squeeze: Red dots firing – momentum building ✓
But here's where it gets juicy…this thing has high short float. And you know how much I love high short float names when they're breaking out to new highs. That's my sweet spot right there. The Big Picture Play Zoom's coming out of this huge base around the $60-70 range. Could it get back to $400-500 like the COVID days? Probably not. But a 50% move to $150? With this technical setup and the short squeeze potential? Absolutely possible. The beauty is I'm not betting the farm on April calls and hoping for the best. I'm using TPS on the smaller timeframes – 60-minute, daily, 130-minute charts – to find the perfect entries within this bigger bullish story. Why Najarian's Agreement Matters |
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