Good time to take profit in ZScaler . It seems to have reached its current swing high. Max 1-2 days more on teh upside and then it should give us 3-4% on downside.
Zscaler Ventures Portfolio Spotlights:
Cyware delivers an innovative approach to cybersecurity that unifies threat intelligence, automation, threat response, and vulnerability management with data insights gleaned from assets, users, malware, attackers, and vulnerabilities.
Deep Instinct takes a prevention-first approach to stopping ransomware and other...
🔹ZS has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
🔹ZS has broken up through resistance at 142.
🔹In case of negative reactions, there will now be support at 142.
🔹RSI above 70 shows that the stock has strong positive momentum in the short term.
🔹Overall assessed as technically positive for the...
If you haven`t sold ZS here:
then Analyzing the options chain of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 130usd strike price at the money Calls with
an expiration date of 2023-6-9,
for a premium of approximately $7.60
If these options prove to be profitable prior to the earnings release, I would sell at least half of...
Looking bullish. Exiting RSI over sold territory. MACD curling. Was waiting for the gap fill at $80 but didn't fill. Upside targets $98 - $108. Down side risk is $80. 🙏🚀💰
Not an investment advice.
NASDAQ:ZS Looks Like We Are In the Last Leg Of Selling. One Can Accumulate For Short Term To Long Term. Minimum Invest For 4-5 Years. And Reap The Fruits.
NASDAQ:ZS
Price is trading at 75% lower than All time high.
At 1W Time Frame 5 continous green candles with an above average volume after touching the 100$ (psychological support)
At 1D, a Cup has been formed. Currently a bullish flag is formed while volume is decreasing until 02.03.2023 (earnings).
After earnings, the stock has experienced -10% in...
Flag.
Earnings are today aftermarket closes so a risky trade.
Most analysts seem positive on ZS beating the number. Guidance can make or break an earnings report though.
Short interest is close to 8%.
No recommendation
I would open a small long position and wait for the break out. If the price closes above the $115 resistance by the end of the week I'll add the next trade day session.
ZS has been forming a bearish flag since May and is ready to break down very aggressively. Open a small position now, if the weekly candle closes breaking through the flag add more the next week. SP around 175.
Looking at the ZS Zscaler, Inc. options chain ahead of earnings , i would buy the $119 strike price Puts with
2022-12-2 expiration date for about
$2.01 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
In a broadening wedge. Attempted to breakout. ER was good enough. But the stock is selling off AF and at $130. Could be a potential break out play.
Target 1 - $145
Target 2 - $153
Target 3 - $183
Risk - Fall to $111 and worst case $80 gap fill.
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Trade is done when it hit one of the target or stop loss is hit.
Disclaimer: Trading note. Not an investment advice.
One of our followers requested this analysis on a stock they are following. By purely looking at the price action it seems theres an early bearish trend continuation occurring.
![ZS: ZS - Falling Trend Channel [MID TERM]](https://s3.tradingview.com/z/ZNzQG5am_mid.png "ZS - Falling Trend Channel [MID TERM]")
