Hoping to get back in ZIM in the low 50s
Using the regression trend and adjusting for dividends shows a nice tend for ZIM and good entries at the bottom of the trend. I would keep a 5% stop below the regression trend to be cautious of a trend change. You can also see the 144 daily EMA (bright purple) as potential support at the same time. The steep peak with the MACD shows me that a tank like this is certainly possible.
Also look out for a potential H&S that I charted out. Here we would be trading the right shoulder and even if it becomes a H&S pattern, there is a 20% gain potential if the trade is successful.
Also look out for a potential H&S that I charted out. Here we would be trading the right shoulder and even if it becomes a H&S pattern, there is a 20% gain potential if the trade is successful.
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