$ZTO Target 36.70 for 17.89%
Or double position at 25.56
I bought this one on Tuesday and it's already just dipping away... anywhere in the red is a good place to start a position.
On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with...
This is a pure technical chart play, inverse cup and handle (now becoming my favorite play!).
Previous lows Apx $27 mid December tapped again in the last week of March 2021. Currently forming the inverse handle to a gigantic cup, if she turns, I think she crashes $27 through $26 and below, so I think long puts are best here.
21 May 21 $26 PUTS at apx...
ZTO looking nice on the weekly and Daily time frame nice flag and a nice 5 wave structure on it also, i see a some sort of low being set as it did bounce of the .5 but not holding will result going down for the .618 where then it will be a strong buy as it be a nice demand zone with lots of support, looks to be a long term play leaps are cheap nd affordable...
We were stopped out of our previous ZTO trade but we might have another opportunity here. It looks like the stock might reverse back into the previous range. You can see net volume beginning to trend higher as well. As long as the 26 area holds and china stocks stay strong broadly zto might be a good risk reward setup
Stop: 27.00 First target: 32.00
The model is picking up a potential reversal. This is one of man recent china plays over the past week. Hopefully the china market stays strong and if it does zto is one of the stocks that should have some tailwinds.
ZTO m/d demand 29.7-28.3
cmp:36 18 aug 2020 price droppping
1.m/d coinciding level
2. 3 exciting candles in daily execution time with only 1 base
1.not the origin of the move, so not so confident
ZTO is a leading express delivery company in China and one of the largest express delivery companies globally. It has had a nice steady run up around 100% over the last 12 months. Might be a bit extended at the moment and only a couple of days out from earnings. Could be worth a watch.
ZTO provides express delivery service as well as other value-added logistics...