$ZS is testing its 200 Day MA at $192 here from below, we are seeing this set up on a number of charts right now, where the price action is testing big resistance levels and many are breaking out : $GOOG, $AAPL, $AMZN, $PLTR, $ABNB....$ZS looks like it can be next but as always, the strength is only truly shown on the retest of this level.
So the entry point is on the retest.
A rejection here, followed by a loss of the 50 Day MA will not be a good sign and will need to hold support on the 0.618 Fib before any weakness is shown.
TommyJR
2024-06-30 07:42:22 +0000 UTCZachary Alpirn
2024-06-29 03:43:10 +0000 UTC