Potential parallel channel trade in ZS.

10 Eyl 2020

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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