$ZS has just broken above its 200 Day MA which has been a resistance level since April, we still need to see a breakout followed by a retest of this level at $194 to confirm that it is a support level
There has been 2 fake breakouts at this level since June too, so we need to see confirmation before we can confirm a move up for Wave 3
But, there is a 100% move here if this moves in our Wave 3 to the 1.618 Fib as standard.
Brian
2024-11-07 17:15:28 +0000 UTC