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youngbosnia
Mar 9, 2024 9:59 PM

$ZS Buy the Dip at Megaphone Support Long

Zscaler, Inc.NASDAQ

Description

It's been dropping like a rock recently, but looks like it may be a good buy here at the green uptrend channel support from the April bottom. Also at megaphone support (purple). I would expect it to bounce soon and fill out the megaphone some more before breaking it out down the line.

Target 1: 250 (orange downtrend channel)
Target 2: 283 (purple megaphone resistance)
Target 3: 356 (horizontal resistance near ATH)
Comments
dattanirutul
Thoughts on next week target? $224-$226?
youngbosnia
@dattanirutul I think that’s a reasonable target as long as the market cooperates
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