Markup (Phase E) that has been going on for months. But look closer. The momentum is getting tired. The daily chart is where the truth comes out. After that magnificent run, the price has stalled and started moving sideways for a month.
Entry Level: Initiate a trade if ZS rallies to the $325 - $327 area and fails to hold its gains.
Price Target: The ultimate target is the start of the markdown phase, with an initial price objective around $250.
Stop Loss: A confirmed weekly close above $335 would indicate the distribution pattern has failed and you should exit the trade.
Entry Level: Initiate a trade if ZS rallies to the $325 - $327 area and fails to hold its gains.
Price Target: The ultimate target is the start of the markdown phase, with an initial price objective around $250.
Stop Loss: A confirmed weekly close above $335 would indicate the distribution pattern has failed and you should exit the trade.
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