ZBH is a big global medical device company. It is old school. Aluminum titanium polymers, plates screws wires. Hollywood stars are familiar as it makes the devices for leg lengthening surgery. ( shortening is easy, lengthening not so much) I am familiar because in the past I have served as a consultant for this company. It business is mainly orthopedic elective...
According to Argus,
ZBH completed an inverse headand-shoulders bottom in mid-Aprilon above-average volume.
On May 2, the stock gapped higher to recovery highs on massive volumefollowing better-than-expected quarterly results. The gap did not hold and over the next four weeks, the shares pulled all the way back
to their 21-month exponential. ZBH then popped...
Consolidation (Zigzag) looks done.
Great earnings
Good to Long
Goal is about 3R (4.5ATR(21EMA)). Risk is about 1.5ATR
Risk management is the most important.
Zimmer Biomet Holdings Inc. designs, develops, manufactures, and markets medical equipment.The Company offers orthopedic, dental, and spinal reconstructive implants, as well as bone cement and related surgical products.
My trade levels
Entry: $112.05
Take profit: $118.05
Stop loss: $109.59
Risk/reward: 2.44
The PEAD projected a Bullish outlook for $ZBH after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 66.67%.
Price falling below major trend line combined with a top formation makes me lean more towards the bearish side for the Weekly on ZBH
Strong candidate for recovery area is white dotted line
The PEAD projected a Bullish outlook for $ZBH after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 62.5%.
It will probably take a long time to accumulate around 131-132, but there is potential. Good Fibonacci level and channel. Landmark blue level
Globally, the action can be classified as a category that will feel neutral and positive in 2022. These are Life sciences tools and services and Medical devices and equipment (according to wfc)
Zimmer Biomet Holdings is a...
We can see clear support since Feb (Dot line)
We can see Double Bottom lately
We expect Moving average 200 to act as support
Time to climb... On Belay!
Hey my friends, ZIMMER BIOMET HOLDINGS is in a bullish momentum, significant buying volume with hammer candle resetting buyers. We are on a bullish trend support despite its continuity for a rise, great possibility of moving away from the trend support to breakout the consolidation zone.
We go to join the last previous higher in the new area, maybe back down if...
