I agree with you once the FAANGS hit 38 per cent retrace the market will bounce .
Problem for Zip is it sliced through the only meaningful support it had at $6.38 and next meaningful support is $4.22 .
If it closes below $5 80 then that will act as very tough resistance on any bounce as the chart indicates a large swathe of sellers happy to break even at that price
Z1P - The Rise To $15.00, page-206
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Last
$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |