NFTRH+; Cloud-based Security Stock on a Seasonal Opportunity

A simple daily chart update for anyone interested in these types of growth* plays. In briefly reviewing fundamentals as well as the charts of ZS and CRWD (and OKTA for reference), I chose this one on a combination of the funda/valuation and especially the chart setup as a bottom feed type situation.

Per the NFTRH+ Charts & Notes segment I still have my eye on CRWD, but how many bull stocks you gonna own at any given time Mr. Gold Bug?

ZS shot upward on a slew of analyst upgrades in November and now post-earnings, the inevitable pullback from that. I took an initial position today on the pullback and may add a bit more if/as it fills the gap and hits the noted support area. That support area would also be the stop loss to a busted trade, using whatever degree below 45 that personal risk tolerance may dictate. The drop from 90 to 40 has also created a good profile for tax loss selling and hence, seasonal buying in late December to early January.


* Code for richly valued and thus it had better grow.

A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.