Zscaler IncLong
ZS Catching Support
Alert 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.
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.
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