ZScalerThe market is in a supply zone looking for a rejection. A wedge is already formed on the hour time frame and flushing. Looking to enter on retest on body of wedge.
0XVU trade ideas
ZS - the trade from the upper part of the envelopeSHORT:
- the price hit resistance and broke through the upper part of the envelope. which indicates the weakening of the bulls
- the price moves inside the expanding channel
- on 4h TF it is clearly visible that the RSI and the stochastic are about to reverse
- on 4h TF divergence in osmosis is clearly visible
$ZS Beats on Earnings / Trying to BreakoutNASDAQ:ZS I have most relevant info on chart. I have an alert set on the upper resistance line on the chart. It did exceed that but pulled back in this tough market. I will be looking for both the market to improve (who knows?) and NASDAQ:ZS to break above that area.
The bad is both the market and NASDAQ:ZS did put in a lower low most recently. In any event this is high on my watchlist even for a pullback and rally play.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
From earningswhispers.com :
Zscaler Beat Expectations
Tuesday, September 5, 2023 at 4:05 PM ET
Zscaler (ZS) reported earnings of $0.64 per share on revenue of $455.01 million for the fiscal fourth quarter ended July 2023. The consensus earnings estimate was $0.49 per share on revenue of $430.38 million. The Earnings Whisper number was $0.52 per share. The company beat expectations by 23.08% while revenue grew 43.06% on a year-over-year basis.
The company said it expects first-quarter non-GAAP earnings of $0.48 to $0.49 per share on revenue of $472.0 million to $474.0 million. The consensus earnings estimate is $0.46 per share on revenue of $464.60 million for the October 31, 2023 quarter. The company also said it expects fiscal 2024 non-GAAP earnings of $2.20 to $2.25 per share on revenue of $2.050 billion to $2.065 billion. The consensus earnings estimate is $2.10 per share on revenue of $2.05 billion for the year ending July 31, 2024.
Short Zscaler ZS againShort ZS again. Argument for a triple top. Weekly might print a long legged doji. Moving average acting as continued resistance. Red line invalidation. Not adavise, good luck.
$ZS - LongThis ticker popped up on my screener set based on strength.
As long this break outside of the box, I am targeting $195 (1st target), $217 (2nd Target)
I am keeping the stop loss @ today's low.
Noticeable pattern: rectangle
ZS Zscaler Options Ahead of EarningsIf you haven`t sold ZS here:
or reentered here:
Then analyzing the options chain and the chart patterns of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $14.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
July Trades (ZS, account up 0.9%)10th day trade in July is NASDAQ:ZS on 7/25/2023.
Account up 0.9%.
Total return in July is 9.33%.
Short ZSOpening shorts on ZS here. 50% allocation. I longed the deviation out the bottom descending trend line, I will short hte deviation of the top line of channel. Stops in place for acceptable loss. Will add if we get back in channel
Zscaler Inc. (ZS) approaching significant overhead resistanceZscaler Inc. (ZS) approaching significant overhead resistance, able to absorb buying pressures into August trade. From here, (ZS) can fall back to channel support, eliciting losses of 50% over the following 3 - 5 months. Inversely, if a settlement above channel resistance occurs, (ZS) enters into a BUY signal where gains of a similar magnitude can be expected over the same time horizon.
ZS - opportunity to buy this dipZS gapped and broke above a neckline "zone" (142 - 145) on 2nd June, eventually hitting a high of 162.67 before retracing all the way back to the neckline. The stock is still in the early stage of an uptrend as it is now trading above it's 200 day moving average (with a golden cross that happened last Thur).
"Breakup and retest of a neckline" often provides a 2nd opportunity to long as stock rebounds back above the neckline. However, in ZS' case, the rebound that followed after the initial retest of the neckline was feeble at best. After whipping around the neckline for slightly more than a week, there was a sudden more aggressive sell off last Thursday (6th Jul) as it attempted to close the gap @ 135 that formed just prior to the breakup. The gap closing mission did not succeed as it appeared bulls came back in force resulting in the formation of a small pinbar (bullish) by the day's close.
The trigger to long however, came only this morning as ZS began to rise above the neckline decisively. The bulls appear to be back in control again with today's strong bullish candle thus far (a variation of "morning star" formation) . Currently stop loss should be placed just below the mini pin bar that formed on 6th Jul (ie under 138). I suspect we won't see anymore attempt to close the gap @ 135 in the near future (although nothing is guaranteed!)
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is (probably the most) important! Take care and Good Luck!
Looks Good...Seeing many tech stocks that have broken their major downtrends and are in early stages of what I believe to be a long uptrend - this is one imo.
ZS - Falling Trend Channel [MID TERM]
🔹Broken the ceiling of the falling trend in the medium long term,
🔹Support at 142
🔹Volume has previously been low at price tops and high at price bottoms.
🔹Technically neutral for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
ZSif there was ever a time to take a shot based on pure technical analysis this looks like it. first kiss of the 21 right a major S&D zone. small stop loss and let it ride.
ZS - Buy PUTBullish long term. See whole market pullback this week to reset for next leg higher. But with that I think this cold pull back to $148 area where there is strong support. From there I expect to go higher
RSI over 70
MACD reversing
Short ZSNot even sure what this company does. Saw the massive descending wedge and the long legged doji candle and longed $88.09. Sold the 200 MA. Shorting here. 25% allocation for this trade. Weekly Stoch 100/100. Just a matter of time, impossible to short the exact top. Not advise obviously
ZS Zscaler and the U.S. Gov Agencies Hit By CyberattackIf you haven`t bought ZS here:
Then you should know that Zscaler provides cloud-based security solutions, including web security, data loss prevention, and cloud application security.
In light of the recent news regarding cyberattacks on multiple U.S. government agencies, it is reasonable to expect an increased focus on cybersecurity measures, which could potentially benefit cybersecurity stocks in the market. These attacks highlight the vulnerabilities present in the software systems used by government entities, underscoring the urgent need for robust cybersecurity solutions.
The fact that the U.S. Cybersecurity and Infrastructure Security Agency is actively investigating the breach indicates the seriousness of the situation and the government's commitment to addressing these security threats. As such, there may be a heightened emphasis on strengthening cybersecurity infrastructure and investing in advanced technologies to defend against future attacks.
The reported involvement of a Russian-speaking hacking group known as CLOP in previous attacks serves as a reminder of the persistent and evolving nature of cyber warfare. This continuous threat landscape necessitates ongoing innovation and investment in cybersecurity.
Considering these factors, cybersecurity stocks have the potential to experience an upward trajectory. Companies specializing in threat intelligence, network security, endpoint protection, and data encryption could be in high demand as organizations and governments seek to fortify their defenses against cyber threats.
My Price Target for ZS is $185 by the end of the year.
Looking forward to read your opinion about it!
Good time to take profit in ZScaler
Good time to take profit in ZScaler . It seems to have reached its current swing high. Max 1-2 days more on teh upside and then it should give us 3-4% on downside.
How can I protect my profit in $ZS while being bullish? Zscaler Ventures Portfolio Spotlights:
Cyware delivers an innovative approach to cybersecurity that unifies threat intelligence, automation, threat response, and vulnerability management with data insights gleaned from assets, users, malware, attackers, and vulnerabilities.
Deep Instinct takes a prevention-first approach to stopping ransomware and other malware using the world’s first and only purpose-built, deep learning cybersecurity framework.
FireTail allows customers to solve all the most critical problems facing APIs today by sitting at the application layer, with full visibility and run-time blocking controls.
Traceable is a leading API security platform that discovers, manages, and secures all of your APIs across your development lifecycle.
ZS - Falling Trend Channel [MID TERM]🔹ZS has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
🔹ZS has broken up through resistance at 142.
🔹In case of negative reactions, there will now be support at 142.
🔹RSI above 70 shows that the stock has strong positive momentum in the short term.
🔹Overall assessed as technically positive for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
ZS Zscaler Options Ahead of EarningsIf you haven`t sold ZS here:
then Analyzing the options chain of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 130usd strike price at the money Calls with
an expiration date of 2023-6-9,
for a premium of approximately $7.60
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
$ZS - Looking bullish Looking bullish. Exiting RSI over sold territory. MACD curling. Was waiting for the gap fill at $80 but didn't fill. Upside targets $98 - $108. Down side risk is $80. 🙏🚀💰
Not an investment advice.
Analysis Of ZSCALER,INC. NASDAQ:ZS Looks Like We Are In the Last Leg Of Selling. One Can Accumulate For Short Term To Long Term. Minimum Invest For 4-5 Years. And Reap The Fruits.
$ZS ZScaler could fly by 35%!NASDAQ:ZS
Price is trading at 75% lower than All time high.
At 1W Time Frame 5 continous green candles with an above average volume after touching the 100$ (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
