TAjames

Z1P bounces off 200EMA

Long
ASX:ZIP   ZIP CO LIMITED..
Z1P has bounced off the 200EMA and has had a controlled consolidation over the last 3 days. The MACD has crossed on the hourly, but i want to see the 20 and 43EMA's cross to confirm a reversal. Ive taken a position with a stop loss at 6.95.
I have also taken a position due to it coming to christmas and fundamentals say that people will start spending more.
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