Trade ideas
$ZS Breakout targets for Zscaler
Zscaler reports Q3 EPS 7c, consensus 2c 16:07 ZS Reports Q3 revenue $110.5M, consensus $106.3M.
Read more at: thefly.com
Acquisition news
Zscaler announced it has acquired Edgewise Networks. The company said, "Edgewise Networks significantly improves the security of east-west communication by verifying the identity of application software, services and processes to achieve a zero trust environment which measurably reduces the attack surface and lowers the risk of application compromise and data breaches." Terms of the transaction were not disclosed.
Normal move before earnings.Funds are trimming their positions taking profits before earnings after such long and solid rally.
Question is: if stay-at-home online companies rallied 100%, why those protecting them would not!
Target 89.54.Will the ascending congestion boxes be the new pattern? Earnings might pump or dump it!
Congestion zone!ZS broke out the neck and ceil of bullish channel, now within the congestion zone, binary event soon to define the trend!
iH&S w/Bullish Channelis on inverted H&S & Bull Channel, kind of a hard candy to break that neck! can do on earnings expectations!
VS Still like this one above the boxVS Accumulating in the box and added above. Like this consolidator. Looking for a break to the upside.
Trade void below box until it reclaims.
$ZS On Resistance / Possible iH&STechnical analysis of $ZS chart. The stock has outperformed the market on recovery so far, now time to watch. Major milestones are marked on the chart.
Zscaler #ZS#ZSCALER just cleared the resistance and heading up to next one. #RSI broke the trendline. The Volume is above the average
Nasdaq: ZS breaking out Daily Inverse H&SZscaler stock has established a bullish Inverse Head and Shoulder just above a previous gap (on Sep 10).
We have a potential target at the last highs achieved in July-August 2019.
In the two-hour timeframe, we have a nice breakout.
Entry: the current level at 69.96 (or the trader may prefer to put some limit order at a lower level just above 66.27).
Stop Loss: ideally should be below the left shoulder at 56.76.
Target: Would be the previous highs at 86-88.
$ZS long swing ideaI like $ZS long through $66.50 with a LOD stop loss for a push up to $73 resistance by sometime next week. Personally, I'll be looking to play the Apr 24 $72 call.
