ZTO Express Cayman may rise to 26.50 - 27.50

Our pivot point is at 21.5.

Our preference

As long as 21.5 is support look for 26.5.

Alternative scenario

Below 21.5, expect 19.9 and 18.9.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 22.8387 and 21.4382).

Supports and resistances

28.6 **

27.5 *

26.5 **

25.5

22.925 (USD-last)

22.2

21.5 **

19.9 *

18.9 **

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