ZTO m/d demand 29.7-28.3
cmp:36 18 aug 2020 price droppping
pro:
1.m/d coinciding level
2. 3 exciting candles in daily execution time with only 1 base
con:
1.not the origin of the move, so not so confident
ZTO is a leading express delivery company in China and one of the largest express delivery companies globally. It has had a nice steady run up around 100% over the last 12 months. Might be a bit extended at the moment and only a couple of days out from earnings. Could be worth a watch.
ZTO provides express delivery service as well as other value-added logistics...
Contextual 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...
ZTO 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...
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
