ZSCA trade ideas
ZS False breakdown w/bounceZS today had a false breakdown from support with the close of day coming back to support. Being that support held and has only been tested 3 times, i'm expecting a bounce here back toward the moving averages.
ZScaler inside uptrend channel (Watching!)ZS has been behaving well inside the uptrend channel drawn. When we touch the upper part of the channel, we see a pullback to the lower segment line.
RSI analysis suggests, we have difficulty going above the 70 level, however, the chart remains bullish whenever the RSI has been over the 43 RSI. A break below 40 in the RSI would be short-term bearish. -----> conditional Bull
OBV has been trending upwards since the earnings gap-up we had May 29th. -----> Bull
50sma is lining up with the lower channel line, which could work as a support, and a buy entry with low risk.
$ZS can rise in the next daysContextual immersion trading strategy idea.
Zscaler, Inc. operates as a cloud security company worldwide.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $138.40;
stop-loss — $133.06.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Great upside with more momentumZS is a cloud-based information security riding COVID/work from home tailwinds helping businesses secure remote workstations. Purple line is a major fib, needs some more momentum to get up and over that, can make a nice long entry with targets above.
ABC BullishStop under C
Unfilled gap that may or may not be filled under price
No rising wedges noted in the early chart
NV is high
Short interest is on the high side
Not a recommendation
ZS Long ideaI havent been buying lately, mostly cash. I did buy ZS here. It is moving above the supporting moving averages and volume is up.
Potential parallel channel trade in ZS.Zscaler (ZS) is a security software company that delivers secure network access to corporate customers. Fundamentals are very strong and growth is accelerating. The company published its Q4 of FY7/20 yesterday; the stock moved up a little during the day before falling back with other tech names in the afternoon. We think there could be a parallel channel trade available; long from now ($133ish) until around $160. Disclosure: long $ZS.
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Just an Experiment9-2-20 Experiment ZS gapped up on earnings and barely looked back. Does the CD leg = 50? not yet
I am trying to pinpont the pattern ZS is trading in.
AB=CD is a reversal pattern that helps you identify when the price is about to change direction. There is a bullish version at the bottom and a bearish version at the top. I think ZS is the bearish version at the top
The length of line AB should be equal to the length of line CD.
The time it takes for the price to go from A to B should be equal to the time it takes for the price to move from C to D.
For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement. (Plain old ABC bullish is easier..lol)
AB=CD at the top is considered a bearish pattern? I would not consider it bearish had a gotten in at A or at C. lol But these patterns are usually destined to topple down at D, so I guess that is why it is considered bearish. I did get in before A right before earnings, but sold this way too soon. Oh well..it happens (Knocking it off my shoulder like a flea..lol) not really because I missed a lot of money by not staying in longer. Made my target and sold. Why do I still look at it from time to time???? Maybe we all do this just to torutre ourselves...dunno (o:
There is also an ABCD Extension pattern and the CD would have to surpass the AB leg. I am curious to see which one it is or if it is either one. There is no way to know if it is the ABCD Extension pattern unless it surpasses the length of the AB leg which would be 166ish, CD is the 127.2%-161.8% extension of AB. CD can be even 2 times (or more) longer than AB.
I am learning this pattern so curious to see what happens next and if ZS makes it to 166ish, and if it can make it higher than 166ish. Then descern is it is AB=CD or the ABCD extension pattern..or if it is neither. It did not make it today. I wrote this BMO But tomorrow is another day!
Overbought so I know I am not buying this again way up here in the sky
I am just learning so do not take this as advice. I owned ZS but sold it at end of AB leg. I guess at that point there was no way to know the pattern. I could not figure out the pattern and then it hit me. I am testing to see if this is indeed the pattern. Short interest is high but that is to be expected with such a long move up and a gap below price.
Just an experiment. If anyone is familiar with these patterns..please comment
ZSCALER HOP ON HOP OFFZSCALER will rocket until earnings 9/9.
I'm betting that will hop on a new upper channel.
PRICE TARGET: 150$ by earnings
STOP LOSS: .... ahaahhah
#ZS #TWLO #CTXS
ZS Round UPZS is looking to be forming a rounding up formation. All its moving averages are underneath it acting as support to lift it further upward to the next level of resistance at the $135 level.
ZScaler possible bounce off 50dAn opportunity for ZScaler as it meets up with it's 50d MA and lower channel line and likely bounces off. This is also the .5 retracement from June 5. Idea is to grab a position now to build enough cushion before earnings to ride the result or get out. Stop loss if it closes below 50d MA.
Great product/service as their customers need to secure internet connections for their new distributed workforce connecting back to private corporate networks. Employees love this company and there is a hiring surge shown on Glassdoor, indicating their employee base is growing, not turning over, in order to meet new demands.
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.
