Zoetis Inc. (ZTS) presently testing key channel support, able to absorb weekly selling pressures.
From here, (ZTS) can rotate higher to channel resistance, eliciting gains of 20% over the following 3 - 5 months.
Inversely, closing below channel support would indicate a sell signal where losses of 10% would be expected over the following 2 - 3 months, where (ZTS) can bottom out on a monthly basis.
From here, (ZTS) can rotate higher to channel resistance, eliciting gains of 20% over the following 3 - 5 months.
Inversely, closing below channel support would indicate a sell signal where losses of 10% would be expected over the following 2 - 3 months, where (ZTS) can bottom out on a monthly basis.
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