ZTO Express Cayman may rise to 21.60 - 22.30

Our pivot point stands at 18.1.

Our preference

Short term rebound towards 21.6.

Alternative scenario

Below 18.1, expect 17 and 16.3.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 19.5095 and 21.1416).

Supports and resistances

23 **

22.3 *

21.6 **

21

19.42 (USD-last)

18.5

18.1 **

17 *

16.3 **

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