ZIM Update

"I wouldn't sell just yet until the situation changes. If the Red Sea troubles calm down, then I might start thinking about taking profit. Investors are still bullish, and ZIM is still in a technical rally that hasn't shown any signs of ending just yet. So I would hold for now, but watch the 12.50 support."

"Longer-term options order flows are calling for more upside, and the trend is bullish, so dont go fighting the trend yet. But the near-term options flows might cause a little volatility within the next couple of weeks, POSSIBLY."

"Market makers need to hedge over the next couple of weeks, which could bring the price lower towards near-term gamma support around 10-11 dollars. But it must drop below the 12.50 support that has been holding up the stock the past couple of weeks."

"Elliot wave theory would call for a short-term consolidation or pullback as the first wave formation is seemingly complete."

"Basicaly, the Red Sea problems are still in full effect, so if ZIM drops below 12.50, then I would look to buy the dip around 10-11 dollar price points."

"There is a weaker support level around 11.50 to watch for a bounce, but the 10-11 dollar area would be a much stronger support zone for a potential rebound."

"Remember that all of these technical levels mean nothing if the Red Sea tensions end or the shipping problems get resolved. So, definitely keep up with Red Sea headlines."

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you can't afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.