ZIP at the end of a wedge. Which way will it go??????
Z1P has been caught in a wedge pattern for the last few weeks.
It's share price gapped up and after hitting All Time Highs, it's now settled down to sub $6.
The next few days will be a tell tale sign as to the direction of this stock - UP or DOWN????
The Rob Booker ADX Breakout strategy has this one as a Sell on the Daily chart - which means it's predicting it to go down to $3.90.
It's anyone's guess but if you hold this stock I highly recommend having a tight stop loss on this one, and buy back in when it reaches it's bottom.
It's share price gapped up and after hitting All Time Highs, it's now settled down to sub $6.
The next few days will be a tell tale sign as to the direction of this stock - UP or DOWN????
The Rob Booker ADX Breakout strategy has this one as a Sell on the Daily chart - which means it's predicting it to go down to $3.90.
It's anyone's guess but if you hold this stock I highly recommend having a tight stop loss on this one, and buy back in when it reaches it's bottom.
Comment:
Price has broken out to the upside but not a big bar. Will wait and see. No need to panic just yet.
