Is $ZIM forming a cup and handle?

ZIM Integrated Shipping Services Ltd. (NYSE:ZIM)

Updated

NYSE:ZIM ZIM Integrated Shipping Services Ltd.

Chart Patterns

chartpattern

Based on the price movement this looks like "cup and handle"

ZIM to me

Comment:

JP Morgan analyst Samuel Bland upgrades ZIM to Overweight and raises the price target from $17.6 to $30.40
This could be the catalyst that we are waiting to trigger the run-up
Also, take notice that $ZIM is heavily shorted

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