We have yet another high Capex crash.
$Zscaler(ZS.US) beat expectations on the top and bottom lines. But the market does not care about last quarter or last year. A weak forward outlook completely erased a multi week technical run up in a single session.I call this a "widow maker" candle today. The gap down completely bypassed the 9 and 21ema levels along with IPO Avwap, wiping out anyone who tried to buy the run up early.When growth names issue weak guidance, the drop is violent.
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