ZIM: Crown Pattern

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Fundamentals:
high dividend
Earnings report projection seems positive.
Sales has been accelerating and expected sales and earnings going in to the second quarter and third quarter should be positive.
This company is cyclical and is affected by freight prices. So, something like FREIGHTOS BALTIC INDEX (FBX): GLOBAL CONTAINER FREIGHT INDEX at freightos.com is something to monitor; or Worldwide Container Index: drewry.co.uk/supply-chain-advisors/supply-chain-expertise/world-container-index-assessed-by-drewry
If freight prices go up, then this is good for the company. If they are relatively stable, that is ok too.

Technicals:
Weekly d3 volume w/ doji bar
Weekly NR4/7 bar
61.85 fib support
uHd on weekly MACD histogram
Weekly Crown with good volume.
Comment: I would like it if the price moved back above the weekly kijun. Below that invalidates the Crown.

Daily:
hit daily a-b-c completion area which is also the weekly 61.8% fib support area (confluence).
快照

Comment: If this is the bottom and prices begin to rise, then I project 18 or 20 by August 2024 if it does not consolidate before that. If the stock prices do rise to 18 or 20, then it would be good to hold just for the dividend yield alone if it consolidates.
注释
Forgot to mention...
Daily mornings star at support
注释
3:1 target has been reached today.
Chart PatternsDividendsSupport and Resistance

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