Zscaler Inc
Long
Updated

ZS - Base and race

532
ZS gapped down on earnings and filling the gap now.

Technically it can complete the Corrective ABC wave here and base above 180-200 .

If the broader market turns bearish, the Corrective ABC wave can turn into bearish Impulsive wave.

Long between 180-200
Stop loss 170
Target#1 - 260
Target#2 - 320, after a pullback
Target #3 - 380, after a pullback
Note
Earnings are good, This dip after the earning getting us close to the long entry zone.

snapshot

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