Nasdaq: ZS breaking out Daily Inverse H&S
Zscaler stock has established a bullish Inverse Head and Shoulder just above a previous gap (on Sep 10).
We have a potential target at the last highs achieved in July-August 2019.
In the two-hour timeframe, we have a nice breakout.
Entry: the current level at 69.96 (or the trader may prefer to put some limit order at a lower level just above 66.27).
Stop Loss: ideally should be below the left shoulder at 56.76.
Target: Would be the previous highs at 86-88.
We have a potential target at the last highs achieved in July-August 2019.
In the two-hour timeframe, we have a nice breakout.
Entry: the current level at 69.96 (or the trader may prefer to put some limit order at a lower level just above 66.27).
Stop Loss: ideally should be below the left shoulder at 56.76.
Target: Would be the previous highs at 86-88.
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