Un confirmed Head and and Shoulders on 2 hourly chart. $16.98 is the support at 50SMA (The blue one)
Contextual immersion trading strategy idea. Zynex, Inc., through its subsidiaries, designs, manufactures, and markets medical devices to treat chronic and acute pain; and activate and exercise muscles for rehabilitative purposes with electrical stimulation. The share price rose after good earnings. I see some preconditions the share price will continue...
$ZYXI is forming the right shoulder. $15.45 is the critical support.
MACD bullish cross Histogram ticking higher all moving averages as support Perfect channel in play
Alert set for $11.40 Possible upside target $13.00 to fibonacci resistance Look for volume spike to help confirm Inverse H&S breakout Very high short interest @ 24.5% Company profile Zynex, Inc. engages in the design, manufacture, and marketing of medical devices. It sells electrotherapy medical devices used for pain management and rehabilitation. The...
After a huge run up in 2019, ZYXI has been consolidating since October. The price action has gotten really tight lately and looks to be in the process of breaking the downtrend. I initiated a starter position earlier today and will add if we see continuation later this week.
False breakout followed by a false breakdown of an ascending triangle? Or range bound? Time will tell.
Zynex operates through the Electrotherapy and Pain Management Products segment. The company conducts its business through its subsidiaries and the operating subsidiary is Zynex Medical, Inc. - ZMI. Its other subsidiaries include Zynex Monitoring Solutions, Inc. - ZMS and Zynex Europe, ApS - ZEU. ZMI designs, manufactures and markets medical devices that treat...