Dec. 19 at 3:34 PM
Actionable Trade Alert for
$ZS:
Market Context:
$ZS is currently trading at
$231.09, which is near the 60D low of
$226.24. The RSI at 27.45 indicates that the stock is oversold, suggesting a potential reversal. The MA30 (269.16) and MA50 (288.01) are significantly above the current price, indicating a bearish trend in the short to medium term.
Directional Bias: Given the oversold RSI and proximity to the 60D low, there is potential for a bounce back. However, the prevailing trend remains bearish, so caution is warranted.
Trade Plan:
- Suggested Entry:
$231.09
- Stop Loss:
$225.00 (approximately 2.5% below entry)
- Take Profit Targets:
1.
$250.00 (Target 1: 8.2% ROI)
2.
$270.00 (Target 2: 17% ROI)
3.
$270.00 (Target 3: 17% ROI)
With the ATR at 6.3, these targets are achievable within a reasonable timeframe. Monitor market conditions closely.
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