ZS - High Tight Flag - 2021-01-08

Zscaler Bull Flag Trade:

• Initial Surge: Rallied 77% from the bottom.
• Pullback: Formed a bull flag with a 14% decline over two weeks.
• Exit Signal: A bearish candle closed below the 10 EMA after two weeks, triggering an exit.
• Outcome: A 7% gain, which fell short of the 20% target for a successful trade.

While the setup was promising, the trade lacked strong follow-through, reinforcing the importance of managing expectations and adjusting strategies.