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SOYBEAN IS TRYING TO MOVE AWAY FROM DOWNTREND - ZS1! - 30MNWe have observed several forces acting as a brake and pushing the price above the red down trending line. But a very strong squeeze front last tops have seen the market being inconsistent with its which to move upwards. The two horizontal black lines are the new tops and bottoms of the horizontal trending range. We could observe during this week a market which will try to break above by going directly to it or by finding first a a support point on the top of the red down trending line. The probability to see the market breaking above the black resistance line is less likely than seeing a pullback down again at that level. It could probably be a good sells entry point (possibily from Thursday). For the moment the last volume have shown signs of a force pushing up against sellers. Keep an eyes on the $900 mark, still legit and try to trade it during the morning Asian session (Tokyo time from 9am30 to 12pm and opening of the Frankfurt & London 8am to 10am GMT0) as it is more stable and easy to read.
CBOT:ZS1!Long
by Diallo_Charts_Ideas
Cyber Security has become essential for all"Because of the rise of remote working, cyberattacks have grown exponentially in recent months, with the FBI reporting a 400% increase in complaints in April versus March, as attackers hope to expose weaknesses in an organization's business continuity strategy" Fundamental difference between some of the biggest cyber-security companies: CrowdStrike's (CRWD) endpoint protection uses resource-friendly security agents to inform its crowdsourced cloud about any potential threat anomalies. All customers are protected based on a single threat found, and its technology is supported by having renowned threat remediation and hunting capabilities. OKTA disrupted the identity access and management market with its cloud-based technology that has a large number of application integrations that make controlling who has access to what much simpler for security teams. In a perimeterless security world, the importance of identity is becoming paramount. Zscaler's (ZS) secure web gateways delivered via its cloud locations provide customers a safe route to cloudbased resources. Branch and remote users can go directly to their applications instead of going through a centralized data center, decreasing lag for the end user and alleviating traffic bottlenecks for IT teams. Palo Alto Networks (PANW) is an attractive option for investors. In our view, its cloud transition springboarding growth off its firewall leadership, upselling and cross-selling prospects via its security platform, and strong cash flow and balance sheet are being overlooked for the pure cloud-based companies.
NASDAQ:ZS
by dorfmanmaster
Cybersecurity massive volume!On a minute chart, there was a buy trade for 266,069 shares; creating the biggest volume spike in this ETF's short history. (check volume candles on chart). As we see the volume spike on a specific minute (10:48am ET), we can assume the trade was made by probably 1 institution/person. This means this individual created a position of 5 million dollars with a single trade into BUG. 10sma towards the $19 range shows short-term support. Top-10 Portfolio holdings by weight: OKTA (8.4%) FTNT (8%) ZS (6.93%) Trend Micro Inc (6.09%) CHKP (5.69%) NLOK (5.63%) QLYS (5.61%) PANW (5.23%) AVST (4.89%) PFPT (4.79%) Total % weight: 61.26%
NASDAQ:BUGLong
by dorfmanmaster
Long Term Prospects for SOYBNUSDThe SOYBNUSD, symbol ZS, is in a Bear Market Rally within a long-term Bear Market with price trading above the 50 week ema, but below the 200 and 800 week emas. The long term emas are mostly flat, signaling accumulation / distribution. The price action appears to be finishing up the c-wave of an x-wave before a final y-wave down. The long upwards candle wicks, the testing of the 200 ema, and consecutive dojis are all confirmation that a top is being putting in. This would correspond with a long-term commodities bottom expected in 2021. The Market is in a Bear Market Rally on the daily, with price above the 50 ema, which is above the 200, but still below the 800 ema. The 50 ema is up-trending, but the other long term emas are mostly flat, signaling an accumulation / distribution range. Price is topping out having just completed an evening star pattern, but has yet to close below the 13 ema. Price has yet to break the uptrend line, so expect sideways price action, and another stop test of the high, with a trend break, confirming a sell off. The Market is in a Bull Market on the 4 hour, with price trading above the 50 ema, which is above the 200 ema, which is above the 800 ema. After a Dark Cloud top, price traded down below the 50 ema on the four hour, formed a doji, and will likely reverse back up from here. Probably trade up in the coming week to finish out an M-Top formation, before resuming the greater down-trend. This is my SOYBNUSD look ahead for my own trading purposes. FUTURES trading involves risk. Feel free to comment, but trade off of this post at your own peril.
OANDA:SOYBNUSDShort
by Cincinnatuus
ZS - Scaling InZS had a gap up due to earnings back on March 1st. The stock saw a rise in price within a bullish price channel but was creating a bearish divergence with the RSI indicator. Even with the pullback, the price remained in the bullish channel until it broke down in mid-August. Another earnings report in September led to a gap down that created an Island Reversal pattern & carried the stock price below the March gap, which was now acting as resistance. The stock price continued falling as it tested that March gap resistance a few times but as the price fell the RSI has moved higher creating a Bullish Divergence. With the price moving out of an oversold condition I am looking for the price to move up to re-test the September gap resistance. Depending on bullish momentum the stock may be able to continue rising to fill the September gap.
NASDAQ:ZSLong
by Chartimistic
Soybean Selling opportunityKey level: 1082’4 Soybean market has been in sleeping mode since JULY 2018. Uptrend sideways movement that clearly develop into triangle pattern add support to our wave count that soybean are currently in wave (4) phase. By using Elliott rule of “WAVE 4 never enters the price territory of wave 1 and 2”, we can establish a strong invalidation level of 1082’4 served as our key level for this wave analysis Trading strategy: Wait for a clear impulsive 5 wave structure down to support the idea of wave (4) is already in place Happy trading
CBOT:ZS1!Short
by pengiran-
Soybean (ZS) Testing Downchannel/Descending Wedge ResistanceAfter a two week rally, soybean (ZS) is now bumping into downchannel/descending wedge resistance on the weekly chart, which coincides roughly with the 1000 psychologically key resistance level. Weekly RSI and Stochastics are in rally mode, while the MACD which a few weeks back appeared ready for a negative crossover has strengthened again and is sloping up now. For my multiple timeframe analysis on ZS, feel free to visit: tradablepatterns.com Website: tradablepatterns.com FB: facebook.com Stocktwits: stocktwits.com Twitter: twitter.com Linkedin: www.linkedin.com YouTube: www.youtube.com Google+: google.com Email: info@tradablepatterns.com
CBOT:ZS1!
by TradablePatterns