ZSCA trade ideas
waiting for the round number to break...
ZS (Zscaler) belongs to the technology sector
The company went public two years ago and slightly having side way action.
Yet, recently received a strong buying recommendation which led to an increasing movement in the last month.
RSI currently doesn't point on overbought.
if Zscaler will continue to rise, it will be interesting in breaking the 48 level
also, following after trading volume.
not a recommendation.
as always, you are more than welcome to enlighten me…
ZS Short head and shoulders formation nearingZS with near completion of head and shoulders at around $33.50 - target $18.70
ZS breakoutHere ZS MACD fast line crosses over the slow line (at around 0 level). Also prices closes above 13-day EMA. New uptrend starting. Price now above 52-week high, no resistance. I'll let this one ride with a trailing stop.
$ZS typical gap consolidation + nice bullish hammer candle today$ZS typical gap consolidation + nice bullish hammer candle today
