ZIM Short Position

The trade signal for ZIM Integrated Shipping Services suggests a short position at $23.57, targeting $19.43 with a stop-loss at $24.61. The resistance at $23.59 has been tested multiple times, making it a strong reversal point. The target is set just above the $16.99 support level to capture profits without risking a full drop, while the risk-reward ratio of 3.94 offers an attractive setup. Recent market fluctuations and concerns in the container shipping sector could fuel a short-term correction, making this a favorable short trade.