ZTO Express Cayman may rise to 24.20 - 25.00

Our pivot point is at 20.4.

Our preference

The upside prevails as long as 20.4 is support.

Alternative scenario

Below 20.4, expect 19.2 and 18.5.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 20.747 and 20.1562).

Supports and resistances

25.7 **

25 *

24.2 **

23.5

21.89 (USD-last)

20.9

20.4 **

19.2 *

18.5 **

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