ZS - Ripe to accumulateZS tested a horizontal resistence turned support @ 163 yesterday, closing a bullish pin bar. Incidentally a bullish divergence between Price and RSI became apparent this morning as it opened with a gap up. Time to accmulate. However initial stop loss is currently at 160 (just below yesterday's pin bar low), hence position size accordingly to cater for this wide move.
Protective trailing stops is always a good practice. However it needs to be wide enough to cater for some volatily so as not to be stopped out pre-maturedly. (money mangagement is important and really an entire subject by itself, guys).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
0ZC trade ideas
Demo of using "Trend Following Trigger" SystemThis is to demo the "Trend Following Trigger", a basic trend following system that using 5, 13, 34 EMAs cross-overs as triggers.
The 5,13 EMA pair is tracking the short-term momentum, when 5 EMA crosses over 13 EMA up or down, the script will develop a bullish "fast pivot" point or "FP", which can be used as the first entry of a position.
The 13, 34 EMA pair is tracking the mid-term trend, when the 13 EMA crosses over 34 EMA up or down, the script will develop a bullish "slow pivot" point or "SP", which can be used as the second entry of a position.
And the exit would be when a bearish "Slow Pivot" is created.
Note that the basic assumption of trend following is that you should trade with the trend, not against the trend. Thus I added the 50, 60 MA pair, as well as 200, 220 MA pair for long-term trend reference, which is an idea that I learned from the Vegas Tunneling Trading System.
Demo of using "Trend Following Trigger"This is to demo the "Trend Following Trigger", a basic trend following system that using 5, 13, 34 EMAs cross-overs as triggers.
The 5,13 EMA pair is tracking the short-term momentum , when 5 EMA crosses over 13 EMA up or down, the script will develop a bullish "fast pivot" point or "FP" , which can be used as the first entry of a position.
The 13, 34 EMA pair is tracking the mid-term trend , when the 13 EMA crosses over 34 EMA up or down, the script will develop a bullish "slow pivot" point or "SP" , which can be used as the second entry of a position.
And the exit would be when a bearish "Slow Pivot" is created.
Note that the basic assumption of trend following is that you should trade with the trend, not against the trend. Thus I added the 50, 60 MA pair, as well as 200, 220 MA pair for long-term trend reference, which is an idea that I learned from the Vegas Tunneling Trading System.
$ZS - Bullish Exploration of even more ATH'sRevisiting $ZS after our incredible first trade on it.
Now that we've established new highs, this opens some further targets for continuation.
Trend looks healthy - but I would like to see a pop above the pitchfork midline 👍
TG1: 226.38
TG2: 237.69
TG3: 244.68
Invalidation under: 208.08
Leave some feedback below if you have any!
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$ZS with a bullish outlook following its earning releaseThe PEAD projecting a bullish outlook for $ZS after a positive under reaction following its earning release placing the stock in Drift A
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ZS FlaggingZS has recently broken out of its consolidation pattern above 190. It has since pull back to catch up with true range. The volume at only half way through todays trading day was higher than average. This tells me the pullback will get bought up and the breakout of the flag will continue to the 200 area.
ZS - Bull Pennant (Long) opportunityZS consolidated for 3 months below a resistence @ 163 before finally breaking up strongly on 3rd December, propelling it into all-time-all (ATH). This is significant as ATH stocks tend to trend for some time, having no prior "resistences" to suppress it's upward momentum.
It has been consolidating in a bull pennant for the past 2 weeks and is looking like it could be breaking out of this pennant in another week or so.
Long with initial stop a few ticks below 172 (the low of this bull pennant). Should it break, manage the trade with trailing stops.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
ZS Green Candle with Huge Volume, Setup for big uptrend After beating the earning estimates, ZS has a big green candle with a huge volume. Usually when green (or even red) day if there is a huge volume spike, its interpreted as the same trend most likely to continue. The same thing happens on 29 May and stock move big after about 85% after that.
Another example of stock NYSE:SNAP mentioned in related ideas where its moved with huge volume.
BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY ZS ABOUT 191$Zscaler Reports First Quarter Fiscal 2021 Financial Results
Revenue grows 52% year-over-year to $142.6 million
Calculated billings grows 64% year-over-year to $144.7 million
Deferred revenue grows 51% year-over-year to $371.9 million
GAAP net loss of $55.0 million compared to GAAP net loss of $17.1 million on a year-over-year basis
Non-GAAP net income of $20.0 million compared to non-GAAP net income of $4.9 million on a year-over-year basis
1% CAPITAL
$ZS Zscaler Inc On Breakout Watch for Thursday
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.
Operating income (non-GAAP) jumped to $19.7M from $3.7M.
And net losses widened on a GAAP basis, but non-GAAP net income rose to $20M from a year-ago $4.9M.
Cash from operations came to $53.5M (38% of revenue), up from $21.4M a year ago. Free cash flow was $42.2M (30% of revenue), up from $9.4M.
Liquidity came to $1.42B, up $45.4M from July 31.
For its fiscal Q2, it's guiding to revenues of $146M-$148M (above consensus for $140.3M) and EPS of $0.07-$0.08 (vs. consensus for $0.07).
For the full fiscal 2021, it sees revenues at $608M-$612M (well above expectations for $588.4M), calculated billings of $755M-$765M, and EPS of $0.37-$0.38 (again, well above consensus for $0.31).