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  • Writer's pictureT. Livingston

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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Disclaimer: This information is issued solely for informational and educational purposes and does not constitute an offer to sell or a solicitation of an offer to buy securities. None of the information contained in this post constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. From time to time, the content creator or its affiliates may hold positions or other interests in securities mentioned in this blog or the associated Twitter and Instagram feeds. The stock or stocks presented are not to be considered a recommendation to buy any stock or stocks. This material does not take into account your particular investment objectives. Investors should consult their own financial or investment adviser before trading or acting upon any information provided. Past performance is not indicative of future results.


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