Watch the Rectangle on ZTS closely. Trade with professional charting tools.
Sideways movement between parallel supports.
Bearish continuation pattern.
Consolidation. Can break either way.
Bearish continuation if preceding move was down.
Gradual reversal from bearish to bullish.
ZTS is showing interesting structural developments at $75.35. The stock is trading at $75.35, up 1.05% on the day. Price action has carved out a classic Bearish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $72.55, targeting $28.08 with support near $77.51 (R:R 8.97).
What is your outlook on ZTS?