ZSCA trade ideas
Put sale on ZSI have been wanting to sell a put on ZS on a pullback decent premium over earnings at another 30% discount from current price. 60% QoQ sales growth.
Zscaler ZS - Bullish after deeper correctionA couple of bullish counts for this Nasdaq stock suggesting that while it may undergo a much deeper correction this is part of a continued uptrend. As always, time will give me an answer.
ZS RetestZS recently broke out to all time highs. It has now pulled back to retest prior resistance, now support of those previous levels. Its an all-time high breakout retest. On the pullback there was decreasing volume, showing there isn't enough sellers to keep pushing it down beyond the support level. This pullback retest will now give ZS more momentum to continue to the upside. I'm looking to take profits at the the 87-88 levels which will give a nice 8-9% gain and a 2:1 risk/reward.
ZS Call I feel like although the market broke through resistance, we must remember that our lines are not concrete and work more like a rubberband. So the more they pull down on them the higher they will go after when the market is trending! Share your comments
ZS, Long 16% ProfitWe have an ascending channel on ZS with an entrance right now at 67.7$. MACD still bullish, we can expect a bounce of the RSI on the 40 zone. The SL can be tight at 65.5$ and TP at 78.6$ results in a good Risk/Reward.
ZS key trend line + Zigzag harmonic fractal researchMomentum stock should be dealt with care especially before earnings.
Know your risk when trading high valuation stocks.
LONG ZSHeavy May call interest in 70C and above - stock resilient against China trade war, nice chart setting up. Could break out next week or before earnings end of May.
ZS: Rising Clouds on Dark SkiesI've enjoyed watching ZS for years long before they went IPO. I have been employed at a Jay Chaudry firm in the past (one of my favorite professional assignments, too), so I remember when he began to kick the idea around and some people I knew began to align with him on his vision. Years later, his firm is one of the most successful cloud computing stories on Wall St. Well, they're close to breaking profitability, and have had an excellent record beating analyst estimates and will likely turn up into the black in the next calendar year. I am only speculating from the chart and publicly available information, and given my prior disclosure, it is important that I clearly state that fact on the record.
A good 62.50% beat on analysts' loss estimate of a high growth tech company, and they've already more than doubled in value since their March 2018 IPO against a ROUGH landscape this year. They're close to turning profit within their first two years on the public exchanges. I'm not a fortune teller, but I have read stories about the old timers in the markets talk about their "ten bangers" as stocks that increase their owners investment ten times over, and this is one stock that fits that bill if I've ever seen one lately. Lots of 2019 IPOs are on the horizon, including the much anticipated UBER, but I think there's quite a bit of sizzle in some yearly IPOs, too.
On the technical side, the stock responding exceedingly well after a huge gap up on earnings with an immediate correction back to the top of the gap but still moving upward with three white soldier doji candles. Volume is still strong, and money flow has been positive into ZS since early January. MACD is rising quickly and RSI is already pegging over 75, but this is not uncommon for rapidly growing tech stocks in their first few years. ADX is rising fast, and +DI is still riding above it quickly with -DI way in the rear view mirror which makes me wish I had put my heart on my sleeve for this back in February, but my trading strategy's risk management does not allow me to make decisions like that. This one is going to continue to post higher highs, and I expect its prices to climb up near CRM and TEAM and others in the cloud software space.
ZS Monthly trendlinesZS a strong earnings name
should be able to play both directions within these monthly trend lines
