ZS - Base and race Long

Zscaler, Inc.NASDAQ

Description

⋅ Feb 25, 2024 7:15 PM

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

Comment

⋅ Mar 1, 2024 12:10 AM

Earnings are good, This dip after the earning getting us close to the long entry zone.

Comments

dattanirutul

⋅ Mar 9, 2024 7:19 AM

Any thoughts based on recent price action?

just4tradin

⋅ Mar 9, 2024 6:36 PM

@dattanirutul, if 189 breaks, the next level of support is around 140-150.
If the correction wave’s C leg goes all the way to .618 , it’s the same level ~150