Referring to the heading of this thread, for what it is worth, Elliott Wave suggests price shouldn't fall any further. While Z1P looks pretty bearish Elliott Wave Theory says that Wave 4 can't fall into the range of Wave 1. If I've got the wave count right the recent fall is Wave 4 and it is 1 cent off breaking into Wave 1 - so it should move up next week and ultimately make a new high above $10.60 The black uptrend line on the chart probably shouldn't be there as it needs price to move up and confirm last weeks candle made a trough, but a line through 2 troughs is a good guide and if that 3rd trough forms next week that line will be formal support.
Now this is just theory and theory has a habit of not always fitting neatly with reality - but Elliott Wave is amazingly accurate most of the time.
Good luck to holders.
Z1P - What will be the bottom before the bounce., page-558
-
-
- There are more pages in this discussion • 250 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ZIP (ASX) to my watchlist
|
|||||
Last
$2.16 |
Change
-0.030(1.37%) |
Mkt cap ! $2.803B |
Open | High | Low | Value | Volume |
$2.15 | $2.21 | $2.10 | $31.00M | 14.38M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 56678 | $2.16 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.17 | 4585 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1417 | 2.220 |
1 | 1385 | 2.180 |
7 | 28347 | 2.160 |
3 | 27000 | 2.150 |
7 | 81221 | 2.140 |
Price($) | Vol. | No. |
---|---|---|
2.060 | 30824 | 1 |
2.090 | 1098 | 3 |
2.110 | 225 | 1 |
2.130 | 600 | 1 |
2.150 | 6468 | 2 |
Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
Featured News
ZIP (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online