ZTO is above the 200 day moving average and the price is now above the 12/26 EMAs. It has strong resistance at the 50 day MA as well as a fib level at $18.70.
1. I believe we will reach $18.69
2. High probability that the price will be rejected at $18.70
3. If we break above the 50 day MA then it is likely smooth sailing to ~$19.06
1. I believe we will reach $18.69
2. High probability that the price will be rejected at $18.70
3. If we break above the 50 day MA then it is likely smooth sailing to ~$19.06
Comment:
Beautiful.
Trade closed: target reached