$ZS – Flat Top Breakout Setup with Sector Strength

Zscaler (ZS) is setting up a clean flat top breakout right off a base that’s been building since June — and the whole cybersecurity sector is heating up.

🔹 The Setup:

Price has been consolidating tightly, forming a flat top pattern with resistance near the highs.

The base has matured nicely — multiple touches on the breakout zone, tightening range, and volume compression.

A breakout here could unleash a strong momentum leg, especially with peers like CRWD already leading the way.

🔹 Sector Strength:

Cybersecurity stocks are moving — CRWD, PANW, and FTNT have all shown relative strength.

ZS could be next in line to catch the rotation as sector money flows broaden.

🔹 My Trade Plan:
1️⃣ Entry: Watching for a clean breakout through the flat top with volume confirmation.
2️⃣ Stop: Tight risk management — stop zone around $301–$305.
3️⃣ Target: Measured move off the base, aiming for new highs if momentum confirms.

Why I Like This Setup:

Clean technical base + strong group action = ideal setup.

Earnings not until December 1st, so no near-term catalyst risk.

If CRWD keeps running, sympathy plays like ZS can follow quickly.