hermes_trisme

ZS got too short, LONG opportunity

לונג
hermes_trisme מעודכן   
NASDAQ:ZS   Zscaler Inc
ZS has been very "bearish" for almost month but we're still in a monthly uptrend. At the same time there are bearish exhaustion signs: weekly bearish upthrust has diminished, and value area has been overlapping for the last three days. This creates opportunity to capture possible short-squeeze.
It is a high risk trade given the context but upside can be huge. Exercise with caution.
You can see example of possible trade on the chart (conservative profit target)

Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
הפקודה בוטלה:
Price didn't reach my target entry price.
Now, on market strength it must confidently go up. If it doesn't happen (or market reverses) the idea is invalidated anyway

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