ZIM - Classic B Wave Setup

10 มิ.ย.

Penny Man Here lads.

As you know, CitiGroup downgraded ZIM to a sell rating, causing price to cascade in a massive onslaught closing almost 20% down in a single trading day. Looking for a B-Wave setup,.

NOT going long on the expected come-up for the B wave.

I do plan on buying some short-term puts that are OTM. Probably give them 1-2 weeks time with the strike price at the bottom of the initial A wave ($19.00)

Monitoring it as it goes for Monday!

10 มิ.ย.

ความคิดเห็น

Updated structure - looks like a W-X-Y, and if it plays out this way, will def be looking to make a long play.

13 มิ.ย.

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Still no trades, and glad for it. Luckily that open Tuesday was violent. Have 2 potential scenarios playing out. Unsure of which wave-count is accurate, but for now sitting on the sideline to see how this develops.

Bearish setup:


Bullish Setup: (no details on where it will go exactly, but this count assumes that the correction is complete)

17 มิ.ย.

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We're looking for bullish movement, probably will consolidate slowly over these next few days.