Are you waiting for your ship to come in? Watch ZIM ($ZIM) for a breakout. – October 28 2021
ZIM
This is kind of a random stock here ( NYSE: ZIM ), I’m not looking at Apple ( NASDAQ: AAPL ) or Amazon ( NASDAQ: AMZN ) or whatever. I don’t think either one of those stocks is going to be worth much tomorrow. I could be wrong, gotta say that, I could be wrong. But they are both kind of stuck in congestion.
Here’s what I think is going to be the deal, both of them kind of missed earnings; revenues, guided lower, stuff like that. So there is no reason to be jumping for joy. But they are Apple ( NASDAQ: AAPL ) and Amazon ( NASDAQ: AMZN ), the 2 big “A’s”, right? I think you are going to get some support under there just because Apple ( NASDAQ: AAPL ) and Amazon ( NASDAQ: AMZN ), you want to own those on dips.
It’s not like “Faceplant”, or Meta, don’t even get me started. No matter what, it is still Zuckerberg, and as long as it’s Zuckerberg they can call it heaven if they want, but that’s a place that I am not going to go. Anyway, I am done editorializing.
I just want to mention ZIM ( NYSE: ZIM ) here. The report earnings in the middle of next month so there is plenty of time for this thing to go. My bet is that, if this thing breaks above $50.00, this could run to 55.00, certainly, and probably to 60.00, and that is at least 15 percent. So I am looking at this stock as one that could be ready to roll.
What I would suggest doing is, set yourself an alert, you’ve got to think about it, I like to put them a little bit below where a breakout level would be or where resistance level is. And here on the 26th, the high was 51.88, so I would put an alert at $51.00.
And the reason is, that then if it gets hit I am going to have a chance to look at the stock and then decide whether I want to buy it or not. I am going to go ahead and set an alert, members you will get this, I am going to set an alert here at $51.00.
If the stock breaks out above that, then what you want to be doing is, looking at the stock and making a decision whether you think this breakout is going to continue to go. It has got to get above and stay above the 50-day moving average, obviously.
If it doesn’t do that, don’t sit here and hold the stock and say, well, I am just going to wait, and I am going to be patient until it breaks out. I am sure there are people that bought at 60.00, waiting for 80.00 and they are still being patient when the stock fell 30 percent. You wait for your entry. Wait for the right time and THAT is when you start making money on this stock.
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