ZIM Shows Accumulation
ZIM continues to be a stock I am watching closely as it builds out a cup and handle base. On the weekly chart, I really like the skyscrapper accumulation, an indication of institutional sponsorship. In addition, ZIM continues to sport triple-digit earnings and sales growth, which is something I also love to see. Combine that with impressive relative strength and ZIM looks to have many of the characteristics of past true market leaders. I will monitoring ZIM closely this week for a potential buying opportunity.
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