hermes_trisme

ZS got too short, LONG opportunity

Long
hermes_trisme Aggiornato   
NASDAQ:ZS   Zscaler Inc
ZS has been very "bearish" for almost month but we're still in a monthly uptrend. At the same time there are bearish exhaustion signs: weekly bearish upthrust has diminished, and value area has been overlapping for the last three days. This creates opportunity to capture possible short-squeeze.
It is a high risk trade given the context but upside can be huge. Exercise with caution.
You can see example of possible trade on the chart (conservative profit target)

Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
Ordine annullato:
Price didn't reach my target entry price.
Now, on market strength it must confidently go up. If it doesn't happen (or market reverses) the idea is invalidated anyway

Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.