Dec. 25 at 1:40 PM
Actionable Trade Alert for
$ZS:
Market Context:
$ZS is currently trading at
$229.6, showing a bearish sentiment as indicated by the RSI of 33.27, which suggests it is oversold. The price is below both the 30-day MA (256.67) and the 50-day MA (281.68), reinforcing the downward trend.
Directional Bias: Given the RSI and the position relative to the moving averages, the bias is bearish in the short term. However, the price is nearing the 60D low of
$226.24, presenting a potential reversal opportunity.
Trade Plan:
- Suggested Entry:
$230.00
- Stop Loss:
$225.00 (to limit risk)
- Take Profit Targets:
1.
$250.00 (8.5% ROI)
2.
$270.00 (17.6% ROI)
3.
$270.00 (17.6% ROI)
This plan allows for a risk-reward ratio that aligns with a potential recovery from oversold conditions, targeting a significant ROI on the third take profit.
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