Zscaler ends cautiously higher - Analysis - 03-04-2023

Zscaler's stock (ZS) rose in the intraday levels, marking a cautious profit of 4.11% in the last session, or 4.61 points, settling at 116.83, while trying to correct the main downward trend as it trades alongside the downward short-term trend line, with negative pressure from the 50-day SMA, while the RSI reached overbought levels. 

Therefore we expect the stock to return lower, targeting the pivotal support of 99.65, provided the resistance of 125.12 holds on.

Expected trend for today: Bearish