it's not my down trend haha, it's Zip's!
yesterday's price action broke the trend slightly, so good chance this line will be broken today.
ready for a total crystal ball job?
i think Zip will have a bit of a bull trap coming up, based on the price action of the past rallies and pullbacks (black squiggles).
I think it will be capped when it runs in to the 50 EMA (circa $8.50) and then supported by the 200 EMA (circa $7).
Then it will eventually run in to the long term support around May-ish and then that will spur the next leg up.
Let's see how this ages...
Chart - Z1P, page-7587
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Last
$1.44 |
Change
-0.025(1.71%) |
Mkt cap ! $1.616B | |||
| Open | High | Low | Value | Volume |
| $1.46 | $1.48 | $1.43 | $11.15M | 7.678M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4998 | $1.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.45 | 6700 | 2 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |