ZIM - Breakout Seems Imminent
ZIM Integrated Shipping Services Ltd operates within the transportation industry, specializing as an asset-light container liner shipping company. It provides a suite of services that includes land transportation, logistical services, and specialized shipping solutions for out-of-gauge cargo, refrigerated cargo, and dangerous or hazardous materials. The company's primary revenue is generated from the Pacific region, indicating its strategic focus on this geographical area.
Fundamentals (Event Driven):
As ZIM revenue is primarily driven from the Pacific region, we should see more shipping demand from Asia to US through the Pacific region due to Red Sea turbulence.
This places ZIM in a good spot to capture market share and at the same rate benefit from higher shipping rates. I do not see the Middle East escalation coming down any time soon.
Technicals:
Technically this has gone up nicely over the past month and a half. 100% gains and then took a breather for the last 16 days and seems like it's ready to go again (breakout).
Volatility has gone up and so has Volume, recipe for breakouts.
This is an event driven trade so reopening of Suez Canal or Panama Canal operating at full capacity faster than expected or a truce between Yemen and US forces should dampen volatility.
Looking for a comprehensive break around 15.12 to get in the first hour today.
Stops will be around 12.70.
Goodluck!
Fundamentals (Event Driven):
As ZIM revenue is primarily driven from the Pacific region, we should see more shipping demand from Asia to US through the Pacific region due to Red Sea turbulence.
This places ZIM in a good spot to capture market share and at the same rate benefit from higher shipping rates. I do not see the Middle East escalation coming down any time soon.
Technicals:
Technically this has gone up nicely over the past month and a half. 100% gains and then took a breather for the last 16 days and seems like it's ready to go again (breakout).
Volatility has gone up and so has Volume, recipe for breakouts.
This is an event driven trade so reopening of Suez Canal or Panama Canal operating at full capacity faster than expected or a truce between Yemen and US forces should dampen volatility.
Looking for a comprehensive break around 15.12 to get in the first hour today.
Stops will be around 12.70.
Goodluck!
Comment:
Stopped out for now.
Let see