ZS got too short, LONG opportunityNASDAQ:ZS has been very "bearish" for almost month but we're still in a monthly uptrend. At the same time there are bearish exhaustion signs: weekly bearish upthrust has diminished, and value area has been overlapping for the last three days. This creates opportunity to capture possible short-squeeze.
It is a high risk trade given the context but upside can be huge. Exercise with caution.
You can see example of possible trade on the chart (conservative profit target)
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
