ZS technical resistance.
AI is becoming increasingly significant in the US stock market, raising questions about security and protection. Zscaler (ZS) provides a solution for securing AI applications. Although not an investor, I observe that the stock has rallied since earnings and is now testing a significant resistance level around $200, dating back to early March. Despite the necessity of security in AI, the adoption rate of AI and chatbots in the USA is still low (around 5%). Therefore, I'm looking to short ZS if a bearish candle closes below $201.65.
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