Zscaler, Inc. ( $ZS ) stock is trading under $100 as of July 10th , 2019 and offering a possible buying price between $80.48 – $84.50. Let’s look at the stocks technical actions using a weekly chart.
2. The stock broke out in March with a rock solid volume.
3. The stock made a quick run after the breakout.
4. Then the stock went sideways and consolidated for few weeks.
5. After another breakout, the stock made another quick run.
6. Then stock went sideways, again and consolidated for another few weeks.
7. The stock found support at the key 50 day moving average line throughout the consolidation.
8. The stock is offering possible buying price between $80.48 – $84.50 with a stop loss price at $74.04.
