There's still work to be done here, but ZBRA has an excellent long-term track record and appears to going through a period of consolidation in the form of a
continuation pattern. I see a possible inverse head & shoulders pattern forming, though another pattern could emerge, such as a cup with handle pattern (assuming the above neckline is cleared without hesitation). The end-of-year strength, both absolute and relative, is encouraging, but I'd like to see 350 price resistance cleared. That would likely lead to a test of the 2021 high above 600. I should mention that the daily chart (not shown above) has already turned
quite bullish, with an AD line that has set a new 52-week and all-time high.
Â