The recent pullback from lower sides shows accumulation and demand on stock prices. ZIM stock price is looking to surpass the range above $25 to bring momentum. Moreover, it shows that more upright action also can be seen holding the range near $25.

The MACD indicator gave a bullish crossover this week with plotting green bars on histogram. The RSI curve shows bullishness as it is placed in bullish territory near 60. The Fib levels are indicating that stock price will raise momentum when it sustains over $25. The recent buying seen on stock from the last 3 days shows that buyers are attaining fresh momentum to break the barriers. ZIM stock on the 4 hours chart shows bullish cues with a positive crossover formed on RSI indicator. If bulls cross above that, trajectory swings will reach $30 in upcoming sessions. Moreover, weekly charts show a reversal pattern but face a 50 days EMA hurdle. Moreover, price action suggests that ZIM stock gets support near $15.

ZIM integrated shipping services stock was in the seller’s control for the past weeks, but the recent earnings reports praise bulls for attaining momentum and shifting the price upwards. On 13 March, ZIM stock reported Q4 2022 earnings reports which were above the analysts’ estimates with esteemed guidance from the company. Also, cup and handle formation on charts favors bulls to trap bears now. Despite the selling pressure in the past few days, buyers are trying to accumulate now. The previous gap is the immediate hurdle near $25, where bulls pause register breakout. ZIM stock (NYSE: ZIM ) is looking for a bounce above $25 to fold seller’s positions. 2 Bulls are looking to close above $25 to extend traction in price.1 ZIM stock holds above 20 EMA shows strength over the charts.

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