Zscaler Stock: Where Is It Headed After The Strong Rally?

On the weekly charts, Zscaler (ZS) is currently in the 10th Phase of its 18 Phase Adhishthana Cycle. Since entering this phase, the stock has already rallied by approximately 33%. What's driving this move, and where could it go from here? Phase 4 began at $191.14, and the stock surged to a high of $376.11. However, this rally was not participated in by our clients, as this phase typically presents illusory gains. As expected, in Phase 5, a phase of renunciation, Zscaler gave up all its Phase 4 gains and eve ...