ZTO Express Cayman may rise to 29.70 - 30.80

Our pivot point stands at 24.3.

Our preference

The upside prevails as long as 24.3 is support.

Alternative scenario

Below 24.3, expect 22.5 and 21.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 24.1405 and 21.9652).

Supports and resistances

31.9 **

30.8 *

29.7 **

28.6

25.69 (USD-last)

25

24.3 **

22.5 *

21.4 **

Number of asterisks represents the strength of support and resistance levels.