TAjames

Z1P bounced off 200EMA on the 15min chart

Long
ASX:ZIP   ZIP CO LIMITED..
Given the market conditions today (alot of red), z1p is holding well on the back of news. The news opens many doors for z1p in the future and allows them to be more competitive. Fundamentals aside, Technicals are showing a good bounce off the 200EMA and a follow through candle with a close above 7.45 would be great to see for intraday trades. Medium to long term, I can see Z1P making new highs. Given christmas is around the corner, place a bid with a stop loss along the trailing 43EMA and best of luck to holders.
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