A key Descending Triangle has formed on ZBRA. Analyze the breakout level now.
Bearish continuation pattern.
Sideways movement between parallel supports.
Traders are watching Zebra Technologies (ZBRA) as price action tightens. The stock is trading at $202.84, down 2.14% on the day. The primary technical feature is a Descending Triangle formation. The trend indicator is reading 0.3/100, suggesting moderate momentum. A potential breakout level is identified at $199.05, targeting $136.26 with support near $212.24 (R:R 4.76).
What is your outlook on ZBRA?