$ZS is at a very important level right now.
Holding on the 200 Day MA just above the 0.618 Fib, this is where the bulls really need to fight to hold onto this level now....the count would not be invalid until it goes below $161 but losing the 200 Day and 0.618 Fib together is a sign of weakness.
Earnings report is not due until the middle of May so I expect a decision to be made before this, whether it holds or becomes invalid.
TommyJR
2024-04-10 00:29:56 +0000 UTC