Zscaler Inc. (ZS) stock price extended its gains in its latest intraday trading, successfully breaking above the key resistance level at $166.00, accompanied by a noticeable increase in trading volumes, signaling the technical validity of this breakout, while continuing to trade above its 50-day SMA, which provides dynamic support that strengthens the chances of continued gains in the near term, amid the dominance of a short-term corrective upward wave, alongside continued positive signals from the Stochastic indicators despite reaching deeply overbought levels.

Therefore we expect the stock price to rise in its upcoming trading, especially as long as it remains above the $166.00 level, targeting the next resistance level at $204.65.

Todays price forecast: Bullish