$ZS is at a very important level now at the 0.618 Fib at $180, for me, this level needs to be held by the bulls because if it is lost, the price can come down to the amber line at $160 very easily and the bulls are fighting an uphill battle then.
It has not broken down yet but the price action is just testing below the 200 Day MA now at $184, the price will need to get back above the 200 Day MA to take that risk away for now.
So any holders here will need to be prepared for losing the $180 level.
I do like $ZS and was watching to see if the Fibs level could hold to start a position but for now, I am not seeing a strong hold yet.
Staph
2024-05-29 01:30:41 +0000 UTCJeff O
2024-04-15 19:18:00 +0000 UTC