ZSCA trade ideas
ZS Falling wedge break outZS - Broke out the falling wedge. Need one more green day to confirm .
MACD : Curled and very bullish.
Weekly Bearish Engulfing at 1.618 Fib ExtensionWe have bearish divergence on momentum and rsi at an important fib lvl after breaking the trend and bearishly engulfing on the weekly
ZS EMA PullbackZS has crossed over its 13 EMA and pulled back to test it today holding the level. Looking for a run up in the range to 285.
untenable & overbought. Not long termA correction will hit this one hard. Standardized reporting shows a widening gap in losses. Moreover, Analysts seem to be making big mistakes in estimates.
Breaking New ATH'sHere is a call I'm looking at for tomorrow. It's been making new ATH's. It just broke resistance and could be heading to the top of the trend channel. Add it to your watch list if you're interested.
Cup and HandleZS is moving as is CRWD. Cyber scare over weekend I guess.
ZS is up a bit too much today for me to buy more but chances are it will pull back. They always do.
Don't always bet the farm. That can result in losing the farm )o:
No recommendation
$ZS - Breakout is coming. $230+$221.48 is my breakout level (give or take).
We need a close above this with mega volume and we fly to $226, $232 in minutes.
Many, many, many struggles with $220 over the past 6 months
"The bigger the base, the bigger the breakout!"
ZS BounceZS is looking prime for a bounce back to the 200 level. It has already broken out of its double bottom pattern into resistance. It is also showing significant overbought levels on stochastics. Looking for this to pull back to the 200 area.
$ZS Working on its Right Shoulder$ZS, a 2020 leader is working on a new base around its 50 MA. That base is taking the shape of a head and shoulders bottom. It is currently building its right shoulder and need few more days to continue to base.
Zscaler - Strong Financials!!!-Zscaler ZS shares gained 8.3% during Tuesday’s extended trading session after the cloud-based security solutions reported better-than-expected fiscal third-quarter results and raised outlook for fiscal 2021.
-Zscaler’s fiscal third-quarter adjusted earnings jumped more than two-fold to 15 cents per share from the 7 cents reported in the year-ago period. Moreover, quarterly earnings beat the Zacks Consensus Estimate of 7 cents per share.
-Revenues of $176.4 million jumped 60% year over year on rise in adoption of the company’s cloud platform security solutions by global enterprises. The figure surpassed the consensus mark of $164.4 million.
-Americas accounted for 51% of revenues, while the EMEA contributed 38%. The remaining 11% came in from the Asia Pacific and Japan.
-Calculated billings surged 71% year over year to $225 million during the reported quarter.
-Zscaler’s quarterly results benefited from continued solid demand for its products, given the healthy environment of the global security market.
-Zscaler continued to win customers and its net dollar retention rate was outstanding at 126% compared with the previous quarter’s 127% and the year-ago quarter’s 119%.
-Zscaler continued to win customers and its net dollar retention rate was outstanding at 126% compared with the previous quarter’s 127% and the year-ago quarter’s 119%.
-In the reported quarter, non-GAAP gross margin expanded 100 basis points (bps) year over year to 81%. Sequentially, non-GAAP gross margin remained flat. The company noted that gross margin remained under pressure during the second half of fiscal 2021 due to the increased use of public cloud to meet the ten time surge in ZPA traffic as pandemic lockdowns began.
-Non-GAAP research & development (R&D), sales & marketing (S&M) and general & administrative (G&A) expenses flared up 55%, 56% and 33% to $25.9 million, $80.9 million and $12.9 million, respectively.
-Total non-GAAP operating expenses shot up 53% to $119.7 million year over year. However, as a percentage of revenues, operating expenses shrunk 300 bps to 68% mainly due to lower T&E, partially offset by increased hiring and M&A expenses.
-As a result of higher gross margin and lower operating expenses as a percentage of sales, non-GAAP operating margin improved 400 bps to 13%. Non-GAAP operating income was $22.9 million in the fiscal third quarter compared with the year-ago quarter’s $9.7 million.
ZS compinteresting little comp. maybe earnings will trigger something here, and maybe not. I'm inclined to take a long based on similar experience with nvda
ZS Catching SupportAlert triggered today. One of my fav's on my watchlists. I'm seeing some support at this 190 level with a new local high and weakening volume on this small pullback. Has the upgrades to back up a move to $220-$240, near term. Sitting on plenty of cash and RSI in the bullzone for a decent amount of time.
Pitfalls:
-As I'm sure we're all aware, inflationary concerns has shown a rotation of smart money from growth-tech to quality stocks.
-Earnings appear to be late next month.
-Ugly candle printed today. Pullback could go deeper if market conditions continue. May be best to buy the break of the 4/13 high, or $200, if you're more risk adverse.
$ZS On Double Bottom Watchlist$ZS is in the all important cybersecurity space. It sold off hard, started a rebound and opps then the second wave of selling stepped in to form the, not yet determined, double bottom? I'll be looking for this to break above the down trend line. If / when it does I'll be looking for a logical entry point with a well defined support or fail line at which my stop will be placed below. All TBD. Ideas, not investing / trading advice.
ZS may bounce off previous breakoutZS correction could be coming to an end. It looks to bounce off this support and continue higher. We're also hanging around the 21W MA with price/RSI divergence. Possibly good entry. Not financial advice. DYOR.
ZS - Ripe to accumulateZS tested a horizontal resistence turned support @ 163 yesterday, closing a bullish pin bar. Incidentally a bullish divergence between Price and RSI became apparent this morning as it opened with a gap up. Time to accmulate. However initial stop loss is currently at 160 (just below yesterday's pin bar low), hence position size accordingly to cater for this wide move.
Protective trailing stops is always a good practice. However it needs to be wide enough to cater for some volatily so as not to be stopped out pre-maturedly. (money mangagement is important and really an entire subject by itself, guys).
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. Feel free to give me your thoughts ! :)
Demo of using "Trend Following Trigger" SystemThis is to demo the "Trend Following Trigger", a basic trend following system that using 5, 13, 34 EMAs cross-overs as triggers.
The 5,13 EMA pair is tracking the short-term momentum, when 5 EMA crosses over 13 EMA up or down, the script will develop a bullish "fast pivot" point or "FP", which can be used as the first entry of a position.
The 13, 34 EMA pair is tracking the mid-term trend, when the 13 EMA crosses over 34 EMA up or down, the script will develop a bullish "slow pivot" point or "SP", which can be used as the second entry of a position.
And the exit would be when a bearish "Slow Pivot" is created.
Note that the basic assumption of trend following is that you should trade with the trend, not against the trend. Thus I added the 50, 60 MA pair, as well as 200, 220 MA pair for long-term trend reference, which is an idea that I learned from the Vegas Tunneling Trading System.
Demo of using "Trend Following Trigger"This is to demo the "Trend Following Trigger", a basic trend following system that using 5, 13, 34 EMAs cross-overs as triggers.
The 5,13 EMA pair is tracking the short-term momentum , when 5 EMA crosses over 13 EMA up or down, the script will develop a bullish "fast pivot" point or "FP" , which can be used as the first entry of a position.
The 13, 34 EMA pair is tracking the mid-term trend , when the 13 EMA crosses over 34 EMA up or down, the script will develop a bullish "slow pivot" point or "SP" , which can be used as the second entry of a position.
And the exit would be when a bearish "Slow Pivot" is created.
Note that the basic assumption of trend following is that you should trade with the trend, not against the trend. Thus I added the 50, 60 MA pair, as well as 200, 220 MA pair for long-term trend reference, which is an idea that I learned from the Vegas Tunneling Trading System.
ZS breakout incomingNASDAQ:ZS close to breaking out if it can close above $212.61. JAN 29 $235 calls on the breakout
ZS - February 6, 2021ZS is a leading cloud security data provider. It has been vertical in the past year and can continue higher with another leg up past 224.
