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US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
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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
ZTO: ZTO Express (Cayman) Inc. 2018-11-14 17:00:00 ZTO Announces up to US$500 Million Share Repurchase Program
The China-based logistics firm provides express delivery services. As China's e-commerce expands, parcel volume is estimated to increase from 40.1 billion parcels in 2017 to about 70 billion in 2020.
Cup with handle pattern complete. $18.18 puts this baby in buy range on slightly higher volume! Long since 5/17 as I watched the accumulating.