Zscaler Inc
Long
Updated

$ZS On Double Bottom Watchlist

190
ZS is in the all important cybersecurity space. It sold off hard, started a rebound and opps then the second wave of selling stepped in to form the, not yet determined, double bottom? I'll be looking for this to break above the down trend line. If / when it does I'll be looking for a logical entry point with a well defined support or fail line at which my stop will be placed below. All TBD. Ideas, not investing / trading advice.
Trade active
4/6 ZS active with 1/2 position after breaking above down trend line in @ $182 Stop $172.00. I'll likely build out the position over $190. TBD.
Trade closed manually
4/20 Closed trade @ 188.98 for very small profit. Simply reducing risk as market down 2 days in a row. Mostly in cash now.

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