ZScaler possible bounce off 50d

2020년 8월 12일

An opportunity for ZScaler as it meets up with it's 50d MA and lower channel line and likely bounces off. This is also the .5 retracement from June 5. Idea is to grab a position now to build enough cushion before earnings to ride the result or get out. Stop loss if it closes below 50d MA.

Great product/service as their customers need to secure internet connections for their new distributed workforce connecting back to private corporate networks. Employees love this company and there is a hiring surge shown on Glassdoor, indicating their employee base is growing, not turning over, in order to meet new demands.