ZTO Express Cayman may rise to 27.50 - 28.40

Our pivot point is at 22.6.

Our preference

The upside prevails as long as 22.6 is support.

Alternative scenario

The downside breakout of 22.6 would call for 20.9 and 20.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 22.315 and 21.4358).

Supports and resistances

29.4 **

28.4 *

27.5 **

26.5

24.08 (USD-last)

23.2

22.6 **

20.9 *

20 **

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