Is a head and shoulders chart relevant in this situation? I'm new to this, so of course I'm open to correction.
Zip got to $10 late August, then the news of Paypal and convertible notes priced at $5.53 got announced; driving the SP down to $5.84.
But Zip then climbed to $8. Isn't the US election causative of the current SP? (or at least a substantial cause of). Take the election out of the equation, what would the current SP be?
Chart - Z1P, page-1219
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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 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |