Looking at the ZS chart on a daily timeframe, and can’t help but think that it looks ready to POP (in a good way). Is it just me, or do others see/feel/believe the same?
Adding to ZS shorts now, currently up on core position. Riding the weekly 200 da MA, bearish rising wedge. 15 min lost the MA on low time frames. Not advise, good luck.
The market is in a supply zone looking for a rejection. A wedge is already formed on the hour time frame and flushing. Looking to enter on retest on body of wedge.
SHORT:
- the price hit resistance and broke through the upper part of the envelope. which indicates the weakening of the bulls
- the price moves inside the expanding channel
- on 4h TF it is clearly visible that the RSI and the stochastic are about to reverse
- on 4h TF divergence in osmosis is clearly visible
NASDAQ:ZS I have most relevant info on chart. I have an alert set on the upper resistance line on the chart. It did exceed that but pulled back in this tough market. I will be looking for both the market to improve (who knows?) and NASDAQ:ZS to break above that area.
The bad is both the market and NASDAQ:ZS did put in a lower low most recently. In any event...
Short ZS again. Argument for a triple top. Weekly might print a long legged doji. Moving average acting as continued resistance. Red line invalidation. Not adavise, good luck.
This ticker popped up on my screener set based on strength.
As long this break outside of the box, I am targeting $195 (1st target), $217 (2nd Target)
I am keeping the stop loss @ today's low.
Noticeable pattern: rectangle
If you haven`t sold ZS here:
or reentered here:
Then analyzing the options chain and the chart patterns of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $14.40.
If these options prove to be profitable prior to the earnings release,...
Opening shorts on ZS here. 50% allocation. I longed the deviation out the bottom descending trend line, I will short hte deviation of the top line of channel. Stops in place for acceptable loss. Will add if we get back in channel
Zscaler Inc. (ZS) approaching significant overhead resistance, able to absorb buying pressures into August trade. From here, (ZS) can fall back to channel support, eliciting losses of 50% over the following 3 - 5 months. Inversely, if a settlement above channel resistance occurs, (ZS) enters into a BUY signal where gains of a similar magnitude can be expected over...
ZS gapped and broke above a neckline "zone" (142 - 145) on 2nd June, eventually hitting a high of 162.67 before retracing all the way back to the neckline. The stock is still in the early stage of an uptrend as it is now trading above it's 200 day moving average (with a golden cross that happened last Thur).
"Breakup and retest of a neckline" often provides a...
🔹Broken the ceiling of the falling trend in the medium long term,
🔹Support at 142
🔹Volume has previously been low at price tops and high at price bottoms.
🔹Technically neutral for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head &...
if there was ever a time to take a shot based on pure technical analysis this looks like it. first kiss of the 21 right a major S&D zone. small stop loss and let it ride.
Bullish long term. See whole market pullback this week to reset for next leg higher. But with that I think this cold pull back to $148 area where there is strong support. From there I expect to go higher
RSI over 70
MACD reversing
Not even sure what this company does. Saw the massive descending wedge and the long legged doji candle and longed $88.09. Sold the 200 MA. Shorting here. 25% allocation for this trade. Weekly Stoch 100/100. Just a matter of time, impossible to short the exact top. Not advise obviously
If you haven`t bought ZS here:
Then you should know that Zscaler provides cloud-based security solutions, including web security, data loss prevention, and cloud application security.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could...
![ZS: ZS - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/c/cfOkalBl_mid.png "ZS - Falling Trend Channel [MID TERM]")
