MomentumTradingHQ.com Featured Stock of Week 1/1/24: ZIM Integrated Shipping Services (ZIM)

ZIM started the New Year with strong momentum and finished the week up 47.7% from the 2023 close.

Our real time alert services picked up ZIM's momentum late Tuesday afternoon and continued to trigger early Wednesday and Thursday mornings. Several opportunities presented themselves to capture a portion of the return depending on your trading style. As shown in the chart below, Day trades on Wednesday and Thursday would have returned 6.0% and 4.7% respectively. A Swing trade entered on Tuesday afternoon and closed out Friday would have returned 30%. Note: The chart shows the indicator that was triggered as well as the price and time.

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