ZIM Long Idea

744
ZIM and the shipping industry has just come out of a massive bubble and all shipping lines are finding their feet. ZIM made earnings last quarter which was one of the roughest yet.. the recent GRI of around $600/FEU Trans-Pac should put carriers back into the green and they will try their best to hold rates around this level via blank sailings and volume control. This is a dangerous game but ZIM fundamentals (ship / space leasing) have proven extremely successful as volume dried up and carriers bringing in massive container ships are baring the brunt of the blow.

TA looks like a bull div on LTF (4hr) and sitting at the lows for a double bottom. If buying low selling high is a thing.... any lower than this and ZIM sinks so clear S/R level.

Long term looking for 238 fib level but this feels like a good entry depending on macro

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