ZS strongly resisting the expected parabolic Eiffel tower pattern, inv. V shape, indeed apparently forming a by-the-book Bull Flag pattern, once price action accompanied by heavy volume to the Up-Side triggers, possible next target price range could swing between 138/140 (2.618 Fibonacci level). GL
After breaking down the Cup & Handle pattern, price is bouncing back very fast, however the stock is battling the strong static resistance at $58/59 level. Volume of the last 2 trading session is noticeably above 10 days simple moving average. Stock needs higher volume or at least sustaining the same volume inflow of the last 2 trading sessions to keep going up at...
As mentioned in previous posts, $5.8 is a key level. The price may start to swing above or below this level within a possible 7-10% range, Eiffel Tower pattern could be another possible pattern as well, however given the traded volume and the news published during the uptrend, Eiffel Tower - if happened - could be interrupted by those who couldn't catch the...
The price is battling the double resistance in a congestion zone.
It will break it eventually on any market catalyst.
All fine with the trend as long as the price is swinging within the bullish channel.
The stock has done very good so far, $89 target reached, $95 extension also is reached, bulls keep adding in future dips, this might pull back a bit after today's move! It wouldn't surprise me to see it retesting 89, and less probably 78 too. Congrats!