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$ZS ZScaler could fly by 35%!
Zscaler Inc
$ZS ZScaler could fly by 35%!
By bellaSoussa
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Mar 3, 2023
2
Mar 3, 2023
ZS
Price is trading at 75% lower than All time high.
At 1W Time Frame 5 continous green candles with an above average volume after touching the 100$ (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 pre-market.
4H A huge buy side volume has been showed up, which a good sign
1H shows us that the 4H Buy Volume is actually showing more sellers than buyers and sometimes undecision (Dojis)
Action Plan: We will keep an eye on it and wait for the breakout from the bullish flag
Technical Indicators
Trend Analysis
bellaSoussa
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