buying ZIM intra dayZIM Corporation provides software products and services for the database and mobile markets in the United States, Brazil, Canada, Singapore, and Austria. The company operates in two segments, Mobile and Enterprise Software. It develops and sells ZIM integrated development environment (IDE) software, an enterprise software for use in the design, development, and management of information databases and mission critical applications.
The company’s #ZIM IDE software provides an IDE for Microsoft Windows, UNIX, and Linux computer operating systems. Its products are used to develop database applications in various industries, including finance, insurance, marketing, human resource, information, and records management. The company also provides migration services and management products; and short message services. ZIM Corporation was founded in 1997 and is headquartered in Ottawa, Canada.
ZIM
Zim sinking. ZIMGoals 71, 68, 62. Invalidation at 82 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
ZIM intraday swing playToday's trading idea is focusing on NYSE:ZIM
The stock is gapping up to $77 (pre-market) after Better than expected EPS .
The stock broke an all-time high of $75 that now became a support level .
The idea is to go long at the open when it will try to test the support level and fail.
$ZIM nice VCP patternI'm bullish on shipping sector and love the price action on ZIM, follows trend line and nice VCP patter (volatility contraction pattern)
Not much downside in the name either with other tickers down pretty big - RELATIVE STRENGTH !
PLUS
Dividend !
I like the R/R starting a position here with a stop loss just below the breakout level !
1/16/22 ZIMZIM Integrated Shipping Services Ltd. ( NYSE:ZIM )
Sector: Transportation (Marine Shipping)
Market Capitalization: 7.554B
Current Price: $63.70
Breakout price: $64.00
Buy Zone (Top/Bottom Range): $61.50-$56.00
Price Target: $74.60-$75.80 (1st), $94.60-$96.40 (2nd)
Estimated Duration to Target: 59-61d (1st), 170-181d (2nd)
Contract of Interest: $ZIM 3/18/22 75c, $ZIM 7/15/22 70c
Trade price as of publish date: $1.85/contract, $4.10/contract
$ZIM Daily Bullish Divergence RSIZIM Daily looks ready for a move to the upside, respecting the 50EMA so far with RSI bullish divergence , decreasing volume, and a nice ER beat.
I'm long commons and wanting a move to first PT $60 then ATHs ... I'm bias as I'm super bullish on the shipping , logistics, and container space.
Also a dividend ;)
$ZIM LongLong term still long AF on ZIM but it seems we have gone up too fast for a traditional stock and rejected all time highs.
I see a short term correction based on MACD and RSI needing a cool off..
Dips continue to be for buying until something changes on a macro level so I am looking to long support around $44.
Freight market insight
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