A key Ascending Triangle has formed on ZBRA. Analyze the breakout level now.
Bullish continuation pattern.
Sideways movement between parallel supports.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Traders are watching Zebra Technologies (ZBRA) as price action tightens. With a last close of $259.92, volatility remains active (1.16%). Price action has carved out a classic Bullish Flag. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $276.98, targeting $342.1 with support near $252.26 (R:R 2.63).
What is your outlook on ZBRA?