Cybersecurity continues to be in the news.
Let's review the charts and indicators.
After looking at the charts of the cybersecurity company we have come up with a technical strategy.
Will ZS go out on any kind of limb for the current full year? That's what will decide the overnight direction of the stock.
My first thought is to stay long cybersecurity, as this is the one slice of the software industry, no make that the entire economy, that bears almost inelastic demand.
Let's take a look.
The provider of cybersecurity software also issued a revenue outlook that is higher than forecast.
The fiscal football remains a greater threat this week than anything Fed Chair Jerome Powell says on Zoom this Friday.
Let's check out the PANW charts heading into the print.
I don't think I'm adding ahead of the digits. I'm already long.