ZYXI

Updated
Zynex Inc., can be conditionally considered one of the "second tier" securities, which are now massively rising from the bottom, and now it is in such securities that tens and hundreds of percent of growth can be expected. Here we have the 2-Bottom Base pattern, it is this pattern that will now justify the achievement of the first goal to $ 26.51 (34% growth). This target is in good agreement with the Triangle target of $ 25.58, which means we have double the reliability of the first target. On acceleration, the paper gets the second target of $ 28.71, and at this moment we have the Chalice pattern, upon breakout of which we get the third trade target - reaching the price of $ 42-43 (indicated by the turquoise arrow). The first 2 targets (green arrows) are recognized as reliable, the third target - with a low probability. This means that there is a requirement to unload half of the position upon reaching the first 2 targets.
Trade closed: stop reached
The security price reached 11.79, the entry model is considered broken. According to early estimates, at the price of 11.80 there should have been a crossover between the MA800, but at the moment we do not see this crossover, the paper is still higher than this MA (see the upper yellow circle), also, the paper is historically oversold (see the RSI). I would fix the position only when the security goes below this MA, since the current state may be a bearish trap. A paper from the small investment sector, the growth of which is highly probable today. The decision is at your discretion, but the paper cannot be left for investment purposes. snapshot
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