The Long Investor
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$ZIM - RC -
🕑 Added 2025-01-23 11:20:08 +0000 UTC$ZIM is in a very clear ABC correction now after completing Wave 5 at the 2.27 Fib at $30.
Price is already below the 50 and 200 Day MA and testing the 0.618 Fib this week at $15 and holding, it has already completed a bounce here too
So bulls want to see a hold of the 0.618 Fib and blue support line at $15.50 or the next test is at the 0.78 Fib at 11.30.
A hold on either level and this can reverse again to the upside to make a higher high next.
