Follower Request: Zscaler Stock Analysis.One of our followers requested this analysis on a stock they are following. By purely looking at the price action it seems theres an early bearish trend continuation occurring.
ZSCA trade ideas
RectangleThe overall trend appears to be broadening.
Price is in a horizontal channel that is binding price action for now.
No recommendation
$ZS W$ZS W, in log since it looks better and look smarter. Current pa we're in, weekly flag measured move brings us to around 21.1.
Overall megaphone pattern with a measured move around $19 when we do get a break
141.40 is poc from covid and 47 is is poc from IPO
127 break and we can see free fall from volume gap and not much strong supports in between
we still up 340% from covid low
Does that qualify as an U&R?As in an "undercut and rally"... mixed with an "episodic pivot"? The setup is not clean but the volume is noteworthy. That would be an ideal time to get in if the market did find a bottom
Weekend chart porn: ZSHey baby.
Check out this weekly volume. Is it just me or is this thing going higher?
$ZS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ZS after a Positive Under reaction following its earnings release placing the stock in drift A.
SHORT | ZSNASDAQ:ZS
Possible Scenario: SHORT
Evidence: Price Action, Money Flow
TP1: 162$
TP2: 156$
TP3: 150$
*This is my idea and could be wrong 100%.
fake out city! 🩸two fake out breakouts past long trigger, you could have made some nice profits from second break though.
breaking bullish trend support, watching for break of 161.5 for downside continuation.
break above 174.33 for long scalps
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8/10/22 ZSZscaler Inc ( NASDAQ:ZS )
Sector: Technology Services (Packaged Software)
Market Capitalization: $23.182B
Current Price: $180.41
Breakout Price: $186.75
Buy Zone (Top/Bottom Range): $169.90-$144.00
Price Target: $218.00-$224.00 (1st)
Estimated Duration to Target: 54-57d
Contract of Interest: $ZS 10/21/22 180c
Trade price as of publish date: $21.25/contract
fake out breakout? 🔋broke my trend resistance with some strength, but quickly coming back to reality after recent fake out breakout past local resistance!
long trigger 177.14 / short trigger 156.38
the 92.5 layer dip #ZS $ZS the 92.5 layer dip ;)
this is a textbook bearish downtrend channel, very tempted to short after charting this one out haha.
as long as we don't break trend resistance we most likely visit 99.19-58.30 in the future!
$ZS with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ZS after a Positive Under reaction following its earnings release placing the stock in drift C.
ZS - MegaphoneA megaphone has formed on ZS
Price may fall towards the bottom megaphone trend line as indicated by the double curved line
This will ultimately result in a bullish rejection however on this daily timeframe
ZS massive channelMassive descending channel on ZS with a possible retest of upper trendline.
If you zoom in on a smaller time frame (1HR) you can clear see some resistance at 163.94 / 164 level. This level has been holding for a week now.
If that level breaks, there is not much resistance until 186 which is 5/22 lows and trendline from the highs in December. A great R:R trade.
ZS - Downward ContinuationDownward continuation as this strong resistance is in effect
Green circle is the point at which this trend line is broken and an upward shift is seen (in white)
ZS downside idea. 5/9/20 EMAs converging downwards on the daily. Noting downward converging 5/9/20 EMAs on the daily. Testing Uptrend Line. MACD has already bear crossed.
Short the Nasdaq Futures Contract at the 38.2% Now.Whether you wish to use QQQ or /NQ short Nasdaq at the value now 15045.88 up to the hi of 15068 (/NQ), I predict that the Nasdaq will be lower in the morning than it is now, before the Consumer Price Index is published at 8:30. Its anybody's guess as to if the Nasdaq will drop precipitously after a poor report showing inflation is continuing to rise. This is a short term play to do now, if you believe as I do, that the Nasdaq is overbought in the last two days. I began shorting the market, the second week in November and am convinced we are in for a major bear market, as I was at that time. If you trade short futures tomorrow, wait for confirmation with a downward spiking red candle and try to sell slightly higher than the lowest spike on a 5 minute chart. This is not financial advice. so, proceed at your own risk.
Own a piece of Zscalar stock. Look at the weekly chartWeekly chart of NASDAQ:ZS looks very promising. Own some here and keep a loose stop. Expect zig zag and resistances
Parabolic Arc?Perhaps but ZS went from 35 to 376.11 and is pulling back.
Short interest is 9.76%. Negative volume remains high. Oversold on MFI but not on RSI.
If this is indeed an arc, then on average they fall between 62% and 79%, or between the 0.618 and 0.786 fib levels, but can fall less or more than these levels. often a security will take a breather at the 50% mark. There are usually rallies up on the way down, but be safe as this gives buyers who are stuck up there and opportunity to sell, and they will once they figure out what is going on. Hence, bear flags and bearish patterns can form.
Parabolic Arcs are due to irrational exuberance and cause a very steep, unsustainable, rise and easiest to see on weekly or monthly time frames. It is difficult to trade an ARC on the way down as they can be volatile for some time to come. It is also possible that during the initial fall, some folks are still bullish and are astonished the security is falling.
No recommendation.
It can important to look in the rear view mirror.
Zscaler headed back to 150Cyber security stocks have had an incredible 18months but since Nov
OKTA
CRWD
NET
Have been getting dumped by institutions. In 2022 I dont think the bleeding will stop.
Zscaler is currently showing a massive H&S here. I think ZSCALER will be 150 by this summer. Set your alerts.
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