All right, speaking of next charts, guys, ZS, you can see Zcaler has had a fantastic push higher, but today is slipping ever so slightly because they did have a surprise switch with their CRO.
Now, their CRO's help them advance and release products. It's a contract research organization. It basically helps them speed up and also ensure their products come out with the best efficiency and and productivity as well.
So this uh is a is a small minor drop in this stock. One of which I think will return momentum and come up and attack this inclining trend line. If you notice here on the chart guys, price broke ZScalers inclining parallel defined by these two inclining trend lines.
It did so back in January of this year. Now, this has taken quite a while, but price action whenever it breaks a major key long-term trend line, price action likes to come back up and retest that same trend line that it had broken from.
This one just so happened to take nearly 9 months. And we are on the path right there for it. One of which I still believe ZS will push up higher once they square their CRO uh situation up.
The resistance for ZS scaler is going to be up here at 226 and 79 cents. Also notice if I take the fib retracement tool and simply uh uh put price action here at the top, pull it down to the bottom.
Notice how that 50% uh retrace comes in contact with that inclining trend line. Should be a strong resistance zone should Z return to the upside and tag this region. Should see profit takers uh for a nice little pullback.