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PaperBozz
Dec 2, 2022 3:26 AM

$ZS - Can it break out? Long

Zscaler, Inc.NASDAQ

Description

In a broadening wedge. Attempted to breakout. ER was good enough. But the stock is selling off AF and at $130. Could be a potential break out play.

Target 1 - $145
Target 2 - $153
Target 3 - $183
Risk - Fall to $111 and worst case $80 gap fill.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
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