ZIP has been bashed big time after failing to hold the support line at the $7 mark and falling below 6.25, as indicated on the attached daily price chart. Nothing suggests that the trend is about to reverse now apart from reaching a support line at around 3.00. We might see some action around this level and the 2.50 mark. If it fails, then 1.70 is the next...
Australia the one time frenzy centre of BNPL has more than 13 companies listed in the sector. Once market darlings but without exception loss-making were driven by sentiment to un realistic highs.
Now they all appear to be in terminal downtrend with very muted counter trend rallies.
Zip being a case in point is unable to break out of its downtrend and targets...
Z1P update
Much time has passed with many positive announcements from the company expanding its global growth.
Unfortunately, this stock has been very dull with its performance due to its Short Interests suppressing the price action.
I personally think this negative performance has flushed out much of retail interest which gets me wondering when these shorters...
Text me if you have any questions/comments for me.
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Z1P
- First time doing a written analysis on Z1P
- During the video analysis on 30 Sep (red arrow), I suggested waiting for a successful breakout of the counter-trendline (purple dash line) before plotting entry
- Since then, the stock hasn’t broken through the resistance while continuing to test the...
it's very clear that zip is going high and getting out if its consolidation price soon confirming with MACD getting close and crossing.
this also conforms to monthly chart as well which is very strong.
i reckon soon (maybe less than three months) zip will go high and higher than before.
Z1P is showing signs that it has found supportt at the trendline Support coupled with High Volume. This indicates buying interest at current level of $7.00. I think that if Z1P manages to close above $7.00 which is also the POC of Volume Profile, for two more days, it could move higher towards its next Resistance level of $8.45.
Please note these are my own...
Longer-term outlook on z1p trends
Lows, highs and higher highs and higher lows.
Are we at consolidation for a rise to form a cup?
FOMO is real, many individuals who experienced the high prices of the last zip push have been watching and waiting for price consolidation and a desire to either, cut and run with loss, to buy their way down.
Retail investors...
ZIP has bounced at the $7.00 mark and is likely to continue and test the resistance at around 8.30 if it holds.
Major support at 7.00, 5.70, 5.00
Resistance at 8.30, 9.50, 10.70
I took this Fractal from Z1P's previous trading history and it has a very similar pattern that happens over and over again.
If this plays out to approximately around September, there could be a 250% move in the coming months if your average is around the $6-$7 level.
Z1P is the most heavily traded stock on the ASX and currently is falling due to the recent news...
I took this Fractal from Z1P's previous trading history and it has a very similar pattern that happens over and over again.
If this plays out to approximately around September, there could be a 250% move in the coming months if your average is around the $6-$7 level.
Z1P is the most heavily traded stock on the ASX and currently is falling due to the recent news...
1. the two fib retracement from pre-ATH and current ATH were all 0.618
2. current ATH is Fib Ext at 1 from pre-Fib Retrace
3. so, assuming next ATH will also be Fib Ext 1 from current Fib Retrace 0.618, then it will 19.8
4. classic 1-2-3 reversal from bottom was confirmed with a high vol breakout over neck line.
Z1P has been consolidating for a while at the lows and now the price action suggests that it may be preparing itself to move higher, as we can see that the Bearish Trendline has broken with High Volume. I am bullish Z1P with my trade plan mentioned below:
TP - Next Resistance Level of $8.40 (potential 17% profit)
Stoploss - Below the recent Swing Low at...
Levels to watch for Z1P :
Current consolidation area inside the highlighted box (7.40 - 6.70).
Recent bounce from 6.30 to 7.8 spike just below the 50% level from march '20 Low.
It is unlikely looking at the chart and the price action that it will make higher moves anytime now.
Looks short term Bearish.
Possibly will touch 5.77- 6.00 area first before it makes...
This is my assessment of ZIP and has been for a few years without major adjustment. It's always behaved really nice for me, provided we are potentially in a tech sell off with the likes of A2M, APT, APX etc.
I trade the graph in front of me though not the news. So if Zip breaks the current downtrend and holds on a few days I'm in with a tight stop loss and target...
Whichever way z1p breaks out here it will stay in the trend for a few weeks. Watching very closely as i feel like it will go down to fill the gap before bouncing and move through the channel until late July. Currently sitting below 200MA on daily which isnt healthy. One to watch for break though.
