Zscaler Inc.(ZS:NASDAQ) Elliott Wave Technical Analysis 5 September 23

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Zscaler Inc., Elliott Wave Technical Analysis

Zscaler Inc., (ZS:NASDAQ): Daily Chart, 5 September 23

ZS Stock Market Analysis: We have been monitoring Zscaler for quite some time as it was looking like a clear potential three wave move to the upside which could represent a great buying opportunity. While we still stand within the area-range of wave {b} it looks like we could have found a bottom, as we also anticipated last week.

ZS Elliott Wave Count: Wave (iii) of {c}.

ZS Technical Indicators: Above all averages.  

ZS Trading Strategy: Looking for longs into wave {c}.

TradingLounge Analyst: Alessio Barretta
 

 

 

 

Zscaler Inc., ZS: 4-hour Chart, 5 September 23

Zscaler Inc., Elliott Wave Technical Analysis
ZS Stock Market Analysis: We can see how wave (iii) currently stands near the 1.618 (iii) vs. (i). Looking for 165$ to be reached before seeing any signs of weakness. We could be looking for longs on wave (iv) if we see the downside is corrective in nature.  

ZS Elliott Wave count:  Wave (iii) of {c}.

ZS Technical Indicators: Above all averages.  

ZS Trading Strategy: Looking for longs after wave (iv).