$ZS
Added 2024-12-03 13:51:47 +0000 UTCDouble beat on earnings but $ZS gave a double concerning notice:
'Zscaler stock fell sharply early Tuesday after the cybersecurity software company's strong quarterly earnings were overshadowed by disappointing guidance and news that its long-serving CFO is retiring.'
Companies sometimes release all this information at once to get it out of the way but the market will always react negativity to news like this, at least in the short term
For the structure, it needs to stay above the 200 Day MA or the very least the 0.618 Fib support level at $151 to maintain this impulse wave count
For now, I don't see any reason to change it, analysts have been positive towards $ZS today too.
Comments
What are you looking to see before you get involved .. given the upside and the sector (should hold up relatively well re cyber in a market downturn) .. I definitely have it on watch
TommyJR
2024-12-03 21:59:53 +0000 UTCBouncing back nicely ππ»
Kad
2024-12-03 15:22:55 +0000 UTCCharted right after the wining list. The best chart out of the group π
Sanctus Seraph
2024-12-03 14:24:15 +0000 UTCHow long do you think it takes for it to get to wave 4? Seems like software names are catching a bud now.
Anil Samuel
2024-12-03 14:04:10 +0000 UTC
