Image Source: Pixabay
 

Zscaler Inc., Elliott Wave Technical Analysis

Zscaler Inc., (Nasdaq: ZS): Daily Chart, 22 August 2023

ZS Stock Market Analysis: We have been looking for further upside on Zscaler ever since we had the initial move up into potential wave {a}. Looking for continuation higher as we seem to be supported by the 130$.

ZS Elliott Wave Count: Wave {b} of B.  

ZS Technical Indicators: 200EMa as support.

ZS Trading Strategy: Looking for longs after a break of wave (x) of {b} for additional confirmation.

Analyst: Alessio Barretta

Zscaler Inc., ZS: 1-hour Chart, 22 August 2023

Zscaler Inc., Elliott Wave Technical Analysis
ZS Stock Market Analysis: We have seen a sharp move higher which could signify we ended wave {b}. Looking for a break of wave (x) in order to have confirmation. Invalidation stands at 85$, but also a move below 132$ could start to compromise the count.  

ZS Elliott Wave count:  Wave i of (i).  

ZS Technical Indicators: In between averages.

ZS Trading Strategy: Looking for upside into wave {c}, with an additional upside target of at least 200$.

More By This Author:

Global Stock Indices - Elliott Wave Technical Analysis
Elliott Wave Technical Analysis Day Chart: Australian Dollar/Japanese Yen - Monday, Aug. 21
Elliott Wave Technical Analysis 4 Hour Chart: Australian Dollar/Japanese Yen - Monday, Aug. 21