Zscaler Inc
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ZS Support Line? Neg Earnings Brought us Here- Over Sold

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Not so many days ago, ZS missed earnings by a little bit but still show strong revenue support.
You can see the downward gap on earnings day.

BUT-

Back in February you see the Positive Power Earnings Gap from the $50 support level up to the $57 level. Almost the exact same line as this recent earnings fall. This triggered an OVER SOLD on my watchlist and took a look at RSI well below 30. I love these spots and when looked at trend from beginning of the year through beginning of July, ZS was steadily in growth mode. We are at a greater than 40% price break from the 52 week high of 89.54

Let's see if we can't reach that GAP back up to $59 over the next month or so.

Thoughts?
Not
ZS just got upgraded this morning from Hold to BUY from Berenberg

Should help boost the price up a little bit

Always like getting ahead of good news. Let's continue
İşlem kapandı: durdurma seviyesi
Tripped a Stop/Loss today and closed out early AM. Will continue to watch to reenter possibly.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.