ZTO – With Love From China

Technically Speaking

Dear All,

  • Tested resistance turned support and possibly holding the mid $14s ($14.65, 50% FIB) within an ascending uptrend channel; consolidation followed by uptrend resumption is likely
  • Vols is pretty attractive and structures should be priced pretty nicely i.e. AQ, FCNs &  BEN; Analyst consensus  TP $18.27
  • For investors looking for equity trades spot consider after bullish divergences across indicators; for now is still particaiption via structures

ZTO Daily.JPG

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