ZTO Express Cayman may rise to 21.50 - 22.00

Our pivot point is at 19.1.

Our preference

Short term rebound towards 21.5.

Alternative scenario

The downside breakout of 19.1 would call for 18.2 and 17.7.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 20.5565 and 22.0324).

Supports and resistances

22.5 **

22 *

21.5 **

21

19.75 (USD-last)

19.4

19.1 **

18.2 *

17.7 **

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