ZTO/N trade ideas
$ZTO can rise in the next daysContextual immersion trading strategy idea.
ZTO Express (Cayman) provides express delivery and other value-added logistics services in the People's Republic of China.
Due to the spread of COVID-19, the demand for the company`s services rose.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $28,99;
stop-loss — $27,81.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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ZTO LONG TRADEZTO is on a clear uptrend and showing strong support at the 100 EMA, so we will be waiting for the price to bounce off the 100 EMA again before buying
The reason i am looking at a stock from china, is because of the big drop we have seen in the us stock market and it is difficult to predict when and where the market will find support and rally back up
Because of that it is dangerous to start buying stocks from the US if you are swing trading like me
Hence i am looking at the chinese stock market for potential stocks to buy
ZTO is looking good!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 Announces up to US$500 Million Share Repurchase ProgramZTO: ZTO Express (Cayman) Inc.
2018-11-14 17:00:00
ZTO Announces up to US$500 Million Share Repurchase Program
ZTO Chinese logistics company is growing 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.
ZTO in buy range on higher than avg volume!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.
ZTOJust in case this comes back to ma20 and ma20 act as support (previous resistance),
long in this case
