I sincerely doubt that Z1P will retrace back to $1 and notice that you offer no reasons for such an outlandish price. I believed the half yearly report will not be great however I envisage the situation should start to improve in the second half of the year, and that the full year report may be the start of the return.
With no identifiable substantiation to your valuation I have to place little credence on it, especially as:
- When Z1P was last at $1 it was in March 2020 - when covid decimated the ASX and as you will observe it then started moving ahead.
- I would be more worried if it breached the support at around $2.86 - however having said that it is still a significant drop to $1.00
V
Chart - Z1P, page-14992
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Last
$2.42 |
Change
0.010(0.41%) |
Mkt cap ! $3.159B | |||
| Open | High | Low | Value | Volume |
| $2.43 | $2.44 | $2.34 | $24.73M | 10.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 236373 | $2.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.43 | 219576 | 25 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |