ZS trade 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.
$ZS LongIf we can hold the bottom of the triangle (red-line), Im looking for a possible target of $25-$30
ZS Round DownI got into ZS friday afternoon at $106, it had cracked the EMA support and looked bearish to $99, showing a rounding downward formation. It is overextended on its weekly chart, which is going to keep it from running much higher. It needs to pullback to its average true range.
$ZS - nice earning gap - consolidation - bull flag formation$ZS presents a good opportunity to top up or enter (if missed the tremendous earnings gap) on breakout from bull flag pattern.
Long ZS if > 114, short if it shows weakness below 110Looks like this will be a runner with eyes on 120, but possible consolidation towards 105 still on the table
Scale it to the top!What I see..
+ gap up from yesterday
+ closed above 10ma
+ Lower vol.
+ MACD is bullish
+ RSI is pointing upward
- Nasty upper shadows
What I setup...
+ Long entyr above today's high
- Stop at today's low
+ Target at next Fib
:: Duration - 1 week
ZS - breakup from Bull Pennant imminent?ZS appears to be ready for a break up from the Bull Pennant that had been forming since more than 2 weeks ago. I am looking to long it @ 106 or less with an initial tight stop just below yesterday's candle low @ 103. Should the stock pulls back instead, I will look to Long it again nearer to the base of the Pennat (@ approx 100).
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you.
where zoom goeth, so goeth ZSZM is flying, and this bull pennant flaggy thing looks good on paper. does it fail? idk, will wait for macd and price confirmation but can be a ripper.
Bull FalgZS strongly resisting the expected parabolic Eiffel tower pattern, inv. V shape, indeed apparently forming a by-the-book Bull Flag pattern, once price action accompanied by heavy volume to the Up-Side triggers, possible next target price range could swing between 138/140 (2.618 Fibonacci level). GL
ZS Rubberband SnapbackZS is overbought and completely over the bollinger band, this is typically a signal of a pullback. Today's candle closed red within the range of yesterdays candle, which also signals bullishish sentiment. I'm looking for a quick 1-2 day pullback.
[$ZS] Zsclaler All Time HighThe security in the cloud company is ripping!
If you're in , watch out for any retracement !
Stay tuned!The stock has done very good so far, $89 target reached, $95 extension also is reached, bulls keep adding in future dips, this might pull back a bit after today's move! It wouldn't surprise me to see it retesting 89, and less probably 78 too. Congrats!
