Zscaler Inc ( ZS) – [Rebounding Nicely, Next Target?]

Chart source: Tradingview.com

Just under two weeks since our post on Zscaler Inc ( ZS) and we have seen it breaking that downtrend line we drew with an increase in volume. It has been included into the Nasdaq100 which probably could be one of the reason why there was such a huge volume as funds continue to buy into Zscaler.

It is now approaching our $335 rebound target which we might see some profit taking around this area. A further break of that area might see $356 first then $376. Remember, it doesn’t move in a straight line and some pullbacks are expected along the way.

Yours

Humbly

Kelwin&Roy

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