I posted on the APT chart many weeks ago that all of the BNPL stocks were in 3 wave moves not five wave impulse moves.
In that scenario your count is invalidated.
The FAANGS all have further to fall to reach 38.2 re-tracement levels and because of weighting they control the Nasdaq and Zip responds to the NASDAQ.
Another 5 per cent fall in the Nasdaq equates to another 15 to 20 per cent fall in Zip.
it should rally from there but ultimately it's going to zero as it is massively loss making and all they have done with the purchase of Quadpay is purchase more losses.
They will soon run out of money and while they could raise capital in a bull market they won't find many takers for a capital raise in a declining share price.
Z1P - What will be the bottom before the bounce., page-561
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Last
$1.44 |
Change
0.005(0.35%) |
Mkt cap ! $1.622B | |||
| Open | High | Low | Value | Volume |
| $1.43 | $1.45 | $1.39 | $11.99M | 8.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 44494 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.44 | 157139 | 12 |
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| Last trade - 16.10pm 19/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |