NYSE:ZIM   ZIM Integrated Shipping Services Ltd.
ZIM

I see ZIM stock fallowing Baltic Dry Index with a lag. As we observe a bounce in BDI we can expect the same in ZIM stock price.


From a technical point of view the same thing.

We are now in wave 5 of an impulse wave down. which could also be done.


So from wave analysis point of view we can expect a correction up, most likely to the minor wave 4 extreme. in the region of $34.


And financially the company is rock solid.



Disclaimer: This is my analysis and does not constitute financial advice.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.