US Stock In Play: $ZS$ZS supported on 10/20MA crossover, along with AVWAP from high.
significant day as it will be contesting a rising 50DMA again this week at $332.55. relative weakness is displayed on RS's 50MA against price 50MA.
ZSCA trade ideas
$ZS Recaptures 50 DMA$ZS I've traded this name very well in the past. Took it again this morning as it recaptures the 50 DMA. It is also above the rising 10 and 20 EMAs. Big accumulation volume on Dec 17 and RS broke downtrend line and is rising. All good reasons for me to give it a try. Stop is a close below the 50DMA. Ideas, not investing / trading advice.
$ZS... beat up after earnings reversal... holding support so farThis name to be added to the Nasdaq 100 around Dec 17... worth keeping an eye on as it holds support...
Idea about $ZSZscaler is a cloud-based information security company. The company has more than 100 data centers with clients in 185 countries around the world. Most of the clients are located in the United States. Revenue of $673 million (2020). Capitalization of $51.2 billion.
A deal for a false breakout of the extremum ($376).
1) The closing of the daily candle is far from the extreme
2) Approach to the level on candles significantly exceeding the ATR
Short: $376.2
Target: $361
Stop above $381
NOT IRR.
ZS Snapback/BounceZS has ran up right into its previous ATH. This is the first test of that high, and it comes after being overbought on stochastics and after 4 consecutive green run-up days pushing it to overextended levels piercing above the upper bollinger band. This level will act as resistance with 300 mark also acting as a physcological level of resistance, which is where my stop is around. There is supply at this level and will most likely sell off from here back to true range around 282
ZS Falling wedge break outZS - Broke out the falling wedge. Need one more green day to confirm .
MACD : Curled and very bullish.
Weekly Bearish Engulfing at 1.618 Fib ExtensionWe have bearish divergence on momentum and rsi at an important fib lvl after breaking the trend and bearishly engulfing on the weekly
ZS EMA PullbackZS has crossed over its 13 EMA and pulled back to test it today holding the level. Looking for a run up in the range to 285.
untenable & overbought. Not long termA correction will hit this one hard. Standardized reporting shows a widening gap in losses. Moreover, Analysts seem to be making big mistakes in estimates.
Breaking New ATH'sHere is a call I'm looking at for tomorrow. It's been making new ATH's. It just broke resistance and could be heading to the top of the trend channel. Add it to your watch list if you're interested.
Cup and HandleZS is moving as is CRWD. Cyber scare over weekend I guess.
ZS is up a bit too much today for me to buy more but chances are it will pull back. They always do.
Don't always bet the farm. That can result in losing the farm )o:
No recommendation
$ZS - Breakout is coming. $230+$221.48 is my breakout level (give or take).
We need a close above this with mega volume and we fly to $226, $232 in minutes.
Many, many, many struggles with $220 over the past 6 months
"The bigger the base, the bigger the breakout!"
ZS BounceZS is looking prime for a bounce back to the 200 level. It has already broken out of its double bottom pattern into resistance. It is also showing significant overbought levels on stochastics. Looking for this to pull back to the 200 area.
$ZS Working on its Right Shoulder$ZS, a 2020 leader is working on a new base around its 50 MA. That base is taking the shape of a head and shoulders bottom. It is currently building its right shoulder and need few more days to continue to base.
Zscaler - Strong Financials!!!-Zscaler ZS shares gained 8.3% during Tuesday’s extended trading session after the cloud-based security solutions reported better-than-expected fiscal third-quarter results and raised outlook for fiscal 2021.
-Zscaler’s fiscal third-quarter adjusted earnings jumped more than two-fold to 15 cents per share from the 7 cents reported in the year-ago period. Moreover, quarterly earnings beat the Zacks Consensus Estimate of 7 cents per share.
-Revenues of $176.4 million jumped 60% year over year on rise in adoption of the company’s cloud platform security solutions by global enterprises. The figure surpassed the consensus mark of $164.4 million.
-Americas accounted for 51% of revenues, while the EMEA contributed 38%. The remaining 11% came in from the Asia Pacific and Japan.
-Calculated billings surged 71% year over year to $225 million during the reported quarter.
-Zscaler’s quarterly results benefited from continued solid demand for its products, given the healthy environment of the global security market.
-Zscaler continued to win customers and its net dollar retention rate was outstanding at 126% compared with the previous quarter’s 127% and the year-ago quarter’s 119%.
-Zscaler continued to win customers and its net dollar retention rate was outstanding at 126% compared with the previous quarter’s 127% and the year-ago quarter’s 119%.
-In the reported quarter, non-GAAP gross margin expanded 100 basis points (bps) year over year to 81%. Sequentially, non-GAAP gross margin remained flat. The company noted that gross margin remained under pressure during the second half of fiscal 2021 due to the increased use of public cloud to meet the ten time surge in ZPA traffic as pandemic lockdowns began.
-Non-GAAP research & development (R&D), sales & marketing (S&M) and general & administrative (G&A) expenses flared up 55%, 56% and 33% to $25.9 million, $80.9 million and $12.9 million, respectively.
-Total non-GAAP operating expenses shot up 53% to $119.7 million year over year. However, as a percentage of revenues, operating expenses shrunk 300 bps to 68% mainly due to lower T&E, partially offset by increased hiring and M&A expenses.
-As a result of higher gross margin and lower operating expenses as a percentage of sales, non-GAAP operating margin improved 400 bps to 13%. Non-GAAP operating income was $22.9 million in the fiscal third quarter compared with the year-ago quarter’s $9.7 million.
ZS compinteresting little comp. maybe earnings will trigger something here, and maybe not. I'm inclined to take a long based on similar experience with nvda
ZS Catching SupportAlert triggered today. One of my fav's on my watchlists. I'm seeing some support at this 190 level with a new local high and weakening volume on this small pullback. Has the upgrades to back up a move to $220-$240, near term. Sitting on plenty of cash and RSI in the bullzone for a decent amount of time.
Pitfalls:
-As I'm sure we're all aware, inflationary concerns has shown a rotation of smart money from growth-tech to quality stocks.
-Earnings appear to be late next month.
-Ugly candle printed today. Pullback could go deeper if market conditions continue. May be best to buy the break of the 4/13 high, or $200, if you're more risk adverse.
$ZS On Double Bottom Watchlist$ZS is in the all important cybersecurity space. It sold off hard, started a rebound and opps then the second wave of selling stepped in to form the, not yet determined, double bottom? I'll be looking for this to break above the down trend line. If / when it does I'll be looking for a logical entry point with a well defined support or fail line at which my stop will be placed below. All TBD. Ideas, not investing / trading advice.
ZS may bounce off previous breakoutZS correction could be coming to an end. It looks to bounce off this support and continue higher. We're also hanging around the 21W MA with price/RSI divergence. Possibly good entry. Not financial advice. DYOR.
