One of my favorite patterns developing hereAbove 9ish can really send this flying.
Take a look at these three ideas below with similar structures and key breakouts. They all generated outstanding returns for me.
BB:
PINS:
ROKU:
ZIXI
ZIXI +8.4% $ZIXI update weekly inverted head and shoulders breakout
monthly bullish rising wedge breakout
targets:100% fib extension $13.3, 1.618% @ $19.76.
Email and cloud security and threat detection
ZIX CORPORATION - NASDAQ: $ZIXI Gap FilledAfter breaking-out last month (May) on meaningful volume, ZIX CORPORATION - NASDAQ:ZIXI has found itself in pull-back mode on lower volume and in the process has now filled the gap and appears to be settling-in after the powerful move higher a month ago as evidenced in the Daily chart above.
While ZIXI now finds itself trading pinched between its 20 and 50 DMA's and comfortably above its 200 DMA, there remains a bit of indecision from a short-term perspective while the stock attempts to find its footing at present levels.
When one extends out to the Weekly time-frame we can see that ZIXI remains in fine technical shape and may just be located at a favorable risk/reward level from which to begin its next advance.
Thus, both investors/traders may want to continue to monitor the action closely in the days/weeks ahead for signals/clues that ZIXI is about to turn the tide.
