ZIMI see ZIM stock fallowing Baltic Dry Index with a lag. As we observe a bounce in BDI we can expect the same in ZIM stock price.
From a technical point of view the same thing.
We are now in wave 5 of an impulse wave down. which could also be done.
So from wave analysis point of view we can expect a correction up, most likely to the minor wave 4 extreme. in the region of $34.
And financially the company is rock solid.
Disclaimer: This is my analysis and does not constitute financial advice.
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