ZS trade ideas
Scale it to the top!What I see..
+ gap up from yesterday
+ closed above 10ma
+ Lower vol.
+ MACD is bullish
+ RSI is pointing upward
- Nasty upper shadows
What I setup...
+ Long entyr above today's high
- Stop at today's low
+ Target at next Fib
:: Duration - 1 week
ZS - breakup from Bull Pennant imminent?ZS appears to be ready for a break up from the Bull Pennant that had been forming since more than 2 weeks ago. I am looking to long it @ 106 or less with an initial tight stop just below yesterday's candle low @ 103. Should the stock pulls back instead, I will look to Long it again nearer to the base of the Pennat (@ approx 100).
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.
where zoom goeth, so goeth ZSZM is flying, and this bull pennant flaggy thing looks good on paper. does it fail? idk, will wait for macd and price confirmation but can be a ripper.
Bull FalgZS strongly resisting the expected parabolic Eiffel tower pattern, inv. V shape, indeed apparently forming a by-the-book Bull Flag pattern, once price action accompanied by heavy volume to the Up-Side triggers, possible next target price range could swing between 138/140 (2.618 Fibonacci level). GL
ZS Rubberband SnapbackZS is overbought and completely over the bollinger band, this is typically a signal of a pullback. Today's candle closed red within the range of yesterdays candle, which also signals bullishish sentiment. I'm looking for a quick 1-2 day pullback.
[$ZS] Zsclaler All Time HighThe security in the cloud company is ripping!
If you're in , watch out for any retracement !
Stay tuned!The stock has done very good so far, $89 target reached, $95 extension also is reached, bulls keep adding in future dips, this might pull back a bit after today's move! It wouldn't surprise me to see it retesting 89, and less probably 78 too. Congrats!
$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!
