Agreed with that. I posted my view here as well 47241883
At this stage the sp is being hammered. I don't believe the $6 mark will hold.It will have a false break to the downside. My view is the next support level should be around $5.70 being the last low candle. Even long term holder will throw in the towels. We haven't seen the final flush out yet. Today's gap down means quite some holders will already be in red or sitting on significantly reduced profit.
GLTAH. The entire BNPL sector is under the water, not sure what catalyst will reignite the flame.
Food for thought - If PayPal entering the market causing such a big wave, what if another 1-2 other big players also enter the market? Time to reassess the risks vs reward IMO. PayPal entering the market is different to last year big player entering the market. PayPal is here to stay.
Z1P - What will be the bottom before the bounce., page-384
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Last
$2.12 |
Change
0.000(0.00%) |
Mkt cap ! $2.751B | |||
| Open | High | Low | Value | Volume |
| $2.11 | $2.19 | $2.08 | $37.25M | 17.52M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 134476 | $2.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.14 | 90343 | 8 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |