BBTrader29

ZS Retest

Long
NASDAQ:ZS   Zscaler Inc
ZS recently broke out to all time highs. It has now pulled back to retest prior resistance, now support of those previous levels. Its an all-time high breakout retest. On the pullback there was decreasing volume, showing there isn't enough sellers to keep pushing it down beyond the support level. This pullback retest will now give ZS more momentum to continue to the upside. I'm looking to take profits at the the 87-88 levels which will give a nice 8-9% gain and a 2:1 risk/reward.
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