Aug. 7 at 2:02 PM
$ZS The buy signal for me was that gap up open and the 5-day EMA (green line) crossing above the 50-day SMA (red line). As long as the 5-day trends above the 10-day, and price is above both, mathematically you can't have a sustained downtrend. The 5-day did slip below the 10-day, but the 50-day, which is a trigger line for some retail and institutional buyers, acted as support, as you can see circled. I would not be surprised this tests the 200 ( blue line) around 176.00. Have a great weekend!!!
