ZTO Express Cayman may rise to 22.00 - 22.70

18.8 is our pivot point.

Our preference

Short term rebound.

Alternative scenario

Below 18.8, expect 17.6 and 16.9.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the share stands above its 20 day moving average (19.4105) but below its 50 day moving average (20.7338).

Supports and resistances

23.4 **

22.7 *

22 **

21.4

19.91 (USD-last)

19.2

18.8 **

17.6 *

16.9 **

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