So the sideways action that Z1P was stuck in from June to December after that gap up does seem to be a valid combo wave.
Based on the price action since I'd say it's most likely ended.
Projecting a fib ratio of wave (1) from (2) and taking the 1.618 ratio gives us a price target of $14.70.
Not financial advice, DYOR.
I believe HUM has finished a combo correction following it's post-rona rise.
It is in the middle of a minute 1 and minuette 2, perfect conditions for a bullish entry.
Projecting a fib ratio of (i) from (ii) gives (iii) a price target of 1.525.
This is an updated analysis from a more in-depth one over on hotcopper, here's the link:
hotcopper.com.au
Based on long term trend and continued increase in Profits a good potential long opportunity is building. Strong support area's converging along a potential 61.8% Fib retracement from COVID low areas.
Best buy in price could be around $4.80-$4.90 with a stop loss around the $4.50 mark and first Take Profit (Trading not Long Term) around the $10 area.
A good...
![Z1P: [EW] ASX:Z1P Wave 2 completion off of stupid combo](https://s3.tradingview.com/8/8wAqSAnc_mid.png "[EW] ASX:Z1P Wave 2 completion off of stupid combo")
![HUM: [EW] ASX:HUM Fresh off Minor wave 2](https://s3.tradingview.com/x/xlgGMsIf_mid.png "[EW] ASX:HUM Fresh off Minor wave 2")
