ZTO Express Cayman may rise to 27.10 - 28.10

Our pivot point stands at 22.2.

Our preference

As long as 22.2 is support look for 27.1.

Alternative scenario

The downside breakout of 22.2 would call for 20.5 and 19.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 23.462 and 21.8156).

Supports and resistances

29.2 **

28.1 *

27.1 **

26.1

23.66 (USD-last)

22.9

22.2 **

20.5 *

19.6 **

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