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since Sep 2, 2015
chartpattern
headandshoulders
triangle
volumestudies
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Unless something significant transpires (earnings, news, etc), NASDAQ:RCAT has formed a solid head and shoulders formation after a fairly lengthy run up. Volume is decreasing. RSI is decreasing. There's nothing bullish in this chart. Support appears to be around $4.
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Zscaler's appears to be situation for a breakout from a massive multi-year consolidation triangle. It's P/S ratio is 4x less than its peak while revenue has increase dramatically. Profitability is coming with net margins being within a few points of positive earnings (used to be -38%). ZS had never missed a single earnings projection and the future looks like...
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