A second falling wedge, this time with the main lower support intersecting the pattern, price action respecting the main.
Z1P has bounced off Trendline Support with good volume and clearly showing bullish price action. It seems that Z1P should continue its swing to the upside. My target on this trade will be the resistance level of $8.90, which could potentially give a 20% gain. My stop on this trade will be below the swing low at $6.20. Please note these are my own notes, by no...
ASX:Z1P continues to respect the trend after a long fall from its recent top. Holding this trendline could signal more growth.
Chart doesnt show any direction yet, but this week we will see whether z1p is a growth stock, or a retail issue. Needs to break the 200 day MA and stay above. I dont believe it will break again and we will likely see a buying opportunity around the $6 mark with as low as $5.50. Z1p's a competitve company to APT but needs to start putting up stronger growth...
Zip on the verge of Completing the Zig-Zag (5-3-5) Corrective Pattern...Testing the Critical Support...will fly off to the channel, retest and then fly off again for Impulse Wave again.
Z1P is growth stock. After long retracement perfect technical reversal pattern is almost ready. Double bottoms usually signal a stock’s value reversal and the start of a positive, upward trend.
... Always have been 3 Channels yellow, blue, and green pictured. z1p is respecting long term trends quite well. Any news regarding dual listing will send the bull into play regarding quad pay. DYOR naturally
Zip started its short term trend reversal and appears to be bullish again. This would be the long term trend if Zip can break the minor downtrend resistance again. Investors can buy at this price for minimum drawdown and maximum profit. Another profit taking will happen at the previous all-time high value so better to sell at that point.
I believe that z1p will return to 11.50 as long as it holds above 8 dollars.
Z1P is in a massive Rising Wedge as we can see here on my Log Chart- It clearly respects the trendline of the pattern. We can use this to our advantages by taking profits at the top and accumulating positions at the bottom of this channel compounding wealth. The moment Z1P reaches the top of the rising wedge, it will either break out to the upside or to the...
Crazy day and volume for z1p. Definetly proving to the ASX its bullish. Shakeout under support line, followed by a break above then high volume breakout today to put it above long term trendline. Will be interesting to see how it plays out this week and next. Wouldnt enter it personally. I believe there will be a buying opportunity at $9, but thats not to say it...
Bouncing around the support/resistance area, with volume similar to previous days of trading. I initially wanted to see the bounce and consolidate above trendline at the 15-17th march area, (with further consolidation for ideal move higher). But at the moment will need to sit on the sidelines and watch how z1p plays out next week before considering entering again....
Z1p's chart isnt looking healthy now, alot of daily selling pressure, with no bounce and follow through. Z1p now looks likely to test $6 area before bouncing or basing.
I think Whole BNPL is in selling pressure. Mainly After COMM bank entering into BNPL. Afterpay and Zip is going get competitive advantage for short term. after good level of support from fib level around $7.50 it will countinue its up trend to $12.50.
Z1P's current selloff may be coming to an end and provide a buying opportunity soon. I think there may be some room left to the downside and could be supported on the trendline where my Buy Zone lies at the $6.80 - $7..00 range. I will be comfortable to buy in this range after it shows solid Bullish Price Action. My target for this trade will be the old resistance...
Big volume in the first hour to break downtrend, followed by a sell off the rest of the day.. news in regards to CBA offering a bnpl service for account holders didnt really help z1p today, but lets see how it goes tomorrow. There was alot of buying pressure in the first hour that makes me think that $8.40 is the new bottom.. so ive brought up my stop loss to...