XYNI is now ready to reverse long. I analyze this because ZYXI has dropped
from overvalued and overbought through the fair value zone into undervalued
territory in three trading days by viewing the anchored VWAP bands and the
volume profile, The mean VWAP and POC line are confluent at 7.25. This is the
logical first target. The MACD lines are negative 4X the...
Bullish
Long term uptrend
- Needs to clear downward trendline
- Building base
- Positive FCF
- Positive Income
- Funds accumulating
Entry idea
- For members
Stop loss depending on entry and risk appetite. But always set meaningful stops.
“Do not wait to strike till the iron is hot; but make it hot by striking.”
Cheers and happy trading!
Zynex Inc., can be conditionally considered one of the "second tier" securities, which are now massively rising from the bottom, and now it is in such securities that tens and hundreds of percent of growth can be expected. Here we have the 2-Bottom Base pattern, it is this pattern that will now justify the achievement of the first goal to $ 26.51 (34% growth)....
Globally, if it does not hold the red level, then it will decrease to the designated level. It is better to observe the situation, how it will bounce off the green zones.
PLAN: 1. Holds the green zone, test the upper one, go in.
2. Falls on the red, buy with a stop, do not forget the possible deeper decline
ZYXI
I would like to see daily support hold above 16.39 and making a base here, ideally i want to see higher lows being made for scaling in anticipating a breakout. When the breakout happen i'll add in the remaining of my position.
Zynex, Inc. (NASDAQ:ZYXI) Q4 2020 Results Earnings Conference Call February 25
#My name is Thomas Sandgaard, President and CEO of Zynex. Welcome to our 2020 fourth quarter and full-year earnings call.
I'm excited to announce yet another quarter of revenue growth and positive net income. Our fourth quarter revenue of $25.6 million increased 81% compared to the...
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 27.27% during the next 3 months and, with a 90% probability hold a price between $18.62 and $27.92 at the end of this 3-month period.
I believe ZYXI is ready to fly.
- 3 months consolidation, consistently finding support around the $13 mark
- Broke out of negative trendline on 16th December
- Broke out of flat bottom on 6th January
- Formed a cup (duration of nearly 2 months; around 13% depth)
- Today it's completing the handle
- RSI is consistently rising since 3rd November
- Daily MACD is...
The price moves between support and resistance lines. It shows that a big part buying the stocks from the market. You can use 2 strategies here. First one is to wait for a big move (+60%) or just buy stocks from 13$ and sell it for 14$ (7,6%) for 4-7 days. Risk is low.
ZYXI is strong at closing today. Trading in tight channel in since last week. As I mentioned in chart there is a 200 EMA solid support. Buy 1st position here and Add more position on breakout. Set SL according to your appetite.
What do you think about this idea?
Feel free to ask any questions regarding this idea. Like and comment on this idea for...
Crossed the 50 days line early in the day at high volume.
IBD rating of 99.
Keeping tighter stock than usual as this one had a significant pullback in volume, although it was because of a secondary offering.
Long @ $22.57
