Zscaler (ZS) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
Zscaler(ZS) Zacks Investment Research·2024-03-08 15:55The price trend for Zscaler (ZS) has been bearish lately and the stock has lost 16.8% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bu ...