$ZIM - RC -
Added 2023-05-24 10:01:39 +0000 UTCA good example of price actions hitting out targets and then rejecting, we can see that Target 2 was hit exactly and then came down to test the blue line again, it bounced and then rejected at our Target 1, it then came down to hit the blue line again for the third time and this time it could not hold as support.....to add to this, they reported a negative earnings and the the share price took a dive.
Now it needs to find support, it is fighting to hold the support at thr 1 Fib at $13.69 and the next Fib level is 1.27 at $11.45
Comments
Update? Potential reversal structure showing?
Ramon
2023-07-31 18:34:36 +0000 UTC
