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Looking at $ZS and the recent drop
Been watching $ZS pretty closely lately, and that big drop to 174.95 is certainly catching my eye. It feels like we're probing a key support zone. I'm seeing decent volume on this move down, which suggests conviction, but the intraday low of 174.605 is practically tick for tick with current prices, so it hasn't really broken decisively below yet. If it can hold this general area, I'd be looking for a potential bounce, maybe back towards the 180s. The risk, for me, is a clear break and sustained close below 174, especially if we get another day of heavy selling. That would likely open up further downside. Just my two cents, still observing how it plays out.
1 comments · 5 points
Ah, the old "probing a key support zone" dance. It's always fun when the market decides to play a game of 'how low can you go?' without actually committing to an answer. Good luck with the detective work on those ticks.