We are trying a long position in Zebra Technologies Corp
Swing trade for 6-12 months.
First target near $295, second target near $340. For SL, we will be monitoring the behavior below $220.
ZBRA rejected MA200 and could step up. The Company has provided solid fundamental grounds for it in the latest EPS report.
#notfinancialadvise #adjustyoursize
The PEAD projected a Bearish outlook for $ZBRA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 87.5%.
The PEAD projected a Bearish outlook for $ZBRA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Green leading to Red top repeating
The initial red top is in the same position of the second green bottom, this is what the horizontal lines are used for
This pattern could continue, but for now we are just focused on the bearish wave currently being experienced from the red top
Almost like a Zebra pattern (green and red though instead of white and black)
ZBRA is quite a bit off the high of 615 with the low of the impulse wave up being 150.06. Long impulse wave for sure.
A channel up type of structure formed after a significant move to the downside, also known as a bear flag. This pattern is a neutral one and price can break to the upside. Price has broken to the downside.
There are different ways of...
The PEAD projected a Bearish outlook for $ZBRA after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
We just finished 1-5 Elliot wave and waiting to complete ABC correction we forecast that finish of ABC correction will be around 356 zone, since there is a strong demand zone and we can see institutional candle in a lower time frames.
Entry: 356
Invalidation: 330
Target: 470
Ratio: 4.38
NASDAQ:ZBRA ZBRA is sitting at last support with a big gap in the next volume shelf. If we stay here above 440, things can reverse. My bet is on the gap-fill under before any uptrend. As usual watch QQQ before taking the play on either side.
Puts under 440.
ZBRA has been forming a nice earnings flag for the last month near new all time highs, could not ask for more out of a stock
One to keep on a radar when its ready to push up through ATHs
That correction should be 4th.
now the plane, on the basis of this we conclude that it is also a local four.
The target is slightly higher than the possible 5, but the price is trending very strongly
Uptrend
I suppose corrective wave has been finished after a pullback and by this good bullish candle it is a buy opportunity .First TP would be about 595 but hold it. Suggested SL is 480
ZBRA :
Ascending triangle forming on Zbra.
To avoid fake breakout, wait for a move above 518 to enter a long position.
Potential move of usd 90 to the target zone mentioned on the chart.
Note that the pattern can fail if the overall market drops.
Trade safe.
uptrend
As i've told several time ,Zebra is one of my favorite charts because of great movement .
And now it's time to buy it again after this pullback and two good candles as trigger .
I'll set SL at 565
