Solid technical overview! I like the focus on ZS finding support at the 20-day EMA - that's been a reliable bounce zone for high-quality growth names in this environment. The cybersecurity sector has been showing relative strenght lately, and Zscaler's ability to hold this key moving average while the broader tech sector maintains its uptrend is encouraging. The chart pattern looks clean with good risk/reward if it can hold here. One thing I'm watching is whether volume confirms on the next move higher - last few tests of the 20-day showed decent buying interest but not overwhelming. If we see a volume spike on the bounce, that would add more conviction to the setup. Thanks for highlighting this one!
Solid technical overview! I like the focus on ZS finding support at the 20-day EMA - that's been a reliable bounce zone for high-quality growth names in this environment. The cybersecurity sector has been showing relative strenght lately, and Zscaler's ability to hold this key moving average while the broader tech sector maintains its uptrend is encouraging. The chart pattern looks clean with good risk/reward if it can hold here. One thing I'm watching is whether volume confirms on the next move higher - last few tests of the 20-day showed decent buying interest but not overwhelming. If we see a volume spike on the bounce, that would add more conviction to the setup. Thanks for highlighting this one!