Earnings details = Source Seekignapha
Zscaler (NASDAQ:ZS) has jumped 11% in early after-hours action following its fiscal Q1 results, where solid margin performance helped it beat on top and bottom lines and raise full-year guidance.
Revenues jumped 52% to $142.6M. Calculated billings rose 64% to $144.7M, and deferred revenue jumped 51% to $371.9M.
Either today was effectively the end of the rally off the March low or we are getting ready to FOMO to 4000. The "W" pattern is the tell. Exact same pattern as June-July. I thought (as well as most bears) expected the S&P to end in the first rising wedge (you know the rational thing), but FOMO is a crazy thing and is the definition of irrational. Lets see what it...
SPY broke out of it's triangle today. The R line on the rectangle can become support..so i should be all over this..but I am not..I love the S&P ut RWs scare me..indicates an imbalance in supply and demand and charts are just an xray or Supply & Demand..
If it were not for the rising wedge(s) I would be tickled pink...I am happy but cautious..I am like not...
One cannot deny the pattern outlined above.
Other correlations across the market:
Massive RSI divergences across major indexes.
Fear and greed index creeping higher to February levels.
High volume of shorts on $DXY.
Everything @ all time highs.
Be prepared for what may come.
DMRC has a history of trending and staying in that trend every two months. April - June, June - August, August - October, October - December DMRC stayed in it's trend channel. Yesterday DMRC broke out of it's recent 2 month trend channel on the upside, briefly hitting $51.20 surpassing it's 7/25/19 high. I'm keeping an eye on DMRC price action today / this week,...
a) Let's start with the Weekly chart: We have a clear bullish view, Support Zone + Ascending trendline. Those two levels combined on the same spot provide us with a solid level to think of as the beginning of a new ascending impulse
b) On the 1H scenario, we can see:
-The price is inside a range (between the Weekly...
SO........ I always pay attn to when HUGE amounts of money leave or enter a stock. While looking for my next move I saw 200m in insider sales from the director and a 10% owner.
Now to me this is ALOT of money. And im thinking bout jan 15 $150 puts as you can see the averages are going...