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
Short term downtrend setup for a cup and handle breakout. Also possible W setup if price action breaks the lowest support line. Company shows great fundamentals + rising Freight index.
Short term downtrend setup for a cup and handle breakout. Also possible W setup if price action breaks the lowest support line. Company shows great fundamentals + rising Freight index.
$ZIM seems very close to breakout. We open a position today on the pull back due to dividend with a very well positionned SL. Earning report figures are amazing (EPS +999% / Sales +200% with acceleration). The consolidation cup pattern lasted 9 weeks and there is a strong shelf volume to support the stock.
This is an update on my long up almost 50% and climbing.. resistance at ATH $49.50 next, then baby resistance at $52ish, then open air to run! People are now paying $30,000/container this shit is insane - they are gonna crush earnings until the market corrects which is looking like never haha
I really don't know much about the company this analysis is purely technical! The play is very simple here as you can see there are three indicators here that make this stock likable: 1. There has been clear change of trend in the RSI. 2. On back of significant volume two days ago the stock broke through 47.30 level resistance. 3. Clear uptrend with higher...
ZIM is about to finish Traverse movement Time to climb... On Belay!
Lots of trader's eyes on this one. Setting up a box long entry. I like the pullback today. Stock was wedging up into resistance and potentially now working on correcting that flaw before breaking higher. Learn to spot these "wedged" flawed setups & be patient until they correct.
Very easy trade on this one. We clearly see huge volume trying to save it from not falling out of the channel today. Possible target: $47 Stop loss: $39 For self-education use only. Not financial advice.
Trade the breakout under 29 and hold on. They dont all march like this but it makes up for most of the dumb trades.