ZS has ran up and completely filled the gap in its chart 100% all the way up to the 200 sma resistance on the daily chart. It has also reached 50 sma resistance on the weekly. Now that its completely filled the gap, we can expect a fade in price back to the lower timeframe moving averages and next support level. Looking for this to retrace back to the $56 and $53 price levels.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.