Nice bounce and support setting. Should hit $100 with technical and macro indicators pointing higher.
We are making higher lows and higher highs, and I consider that quite bullish. RSI is getting near oversold levels, and we are around 50 day MA and 100 Day MA. Fundamentally ZIM is trading under a P/E of 2. They are making big profits on the current container shipment prices. I count this a both a play on inflation and supply chain issues. They are doing huge...
ZIM Corporation provides software products and services for the database and mobile markets in the United States, Brazil, Canada, Singapore, and Austria. The company operates in two segments, Mobile and Enterprise Software. It develops and sells ZIM integrated development environment (IDE) software, an enterprise software for use in the design, development, and...
Goals 71, 68, 62. Invalidation at 82 . We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that...
In this turmoil, these marine shipping stocks are doing great. Looks bullish and getting ready for a parabolic move towards $110... Stop loss $70
Today's trading idea is focusing on NYSE:ZIM The stock is gapping up to $77 (pre-market) after Better than expected EPS . The stock broke an all-time high of $75 that now became a support level . The idea is to go long at the open when it will try to test the support level and fail.
This relatively recent IPO has never made a lower low, and is holding up great in the current market environment. Higher prices much more likely than lower ones.
I'm bullish on shipping sector and love the price action on ZIM, follows trend line and nice VCP patter (volatility contraction pattern) Not much downside in the name either with other tickers down pretty big - RELATIVE STRENGTH ! PLUS Dividend ! I like the R/R starting a position here with a stop loss just below the breakout level !
ZIM Integrated Shipping Services Ltd. ( NYSE:ZIM ) Sector: Transportation (Marine Shipping) Market Capitalization: 7.554B Current Price: $63.70 Breakout price: $64.00 Buy Zone (Top/Bottom Range): $61.50-$56.00 Price Target: $74.60-$75.80 (1st), $94.60-$96.40 (2nd) Estimated Duration to Target: 59-61d (1st), 170-181d (2nd) Contract of Interest: $ZIM 3/18/22 75c,...
ZIM Daily looks ready for a move to the upside, respecting the 50EMA so far with RSI bullish divergence , decreasing volume, and a nice ER beat. I'm long commons and wanting a move to first PT $60 then ATHs ... I'm bias as I'm super bullish on the shipping , logistics, and container space. Also a dividend ;)
Long term still long AF on ZIM but it seems we have gone up too fast for a traditional stock and rejected all time highs. I see a short term correction based on MACD and RSI needing a cool off.. Dips continue to be for buying until something changes on a macro level so I am looking to long support around $44. Freight market insight www.nytimes.com www.reuters.com
ZIM is about to finish Traverse movement Time to climb... On Belay!