ZIM the stock that paid us the ridiculously high dividend a
while back has had a nice pullback over the last few weeks. I don't
think it's bottomed yet but may be at a place for a bounce
ZIM - Chart Link the 60 min chart suggests
some sort of wave 5. I think it's wave iv of 3 instead of 5 of 5,
so maybe get a bounce in here that would be wave 4 that would
provide a long trade, but then down again for 5 and then maybe it
will have a final bottom
It was a tremendous short when they put out those high price
targets and was near 80 on the rsi given it was going to pay a
dividend. Perfect backdrop. Reminded me of oil a bit back when it
was $130 and everyone calling $200s in a parabolic move.
Risk/reward. What goes up, must come down..singing
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ZIM comments
Posted by matt on 13th of Apr 2022 at 09:41 am
ZIM the stock that paid us the ridiculously high dividend a while back has had a nice pullback over the last few weeks. I don't think it's bottomed yet but may be at a place for a bounce
ZIM - Chart Link
ZIM - Chart Link the 60 min chart suggests some sort of wave 5. I think it's wave iv of 3 instead of 5 of 5, so maybe get a bounce in here that would be wave 4 that would provide a long trade, but then down again for 5 and then maybe it will have a final bottom
It was a tremendous short
Posted by fundamentalvalues on 13th of Apr 2022 at 09:44 am
It was a tremendous short when they put out those high price targets and was near 80 on the rsi given it was going to pay a dividend. Perfect backdrop. Reminded me of oil a bit back when it was $130 and everyone calling $200s in a parabolic move. Risk/reward. What goes up, must come down..singing